The Nordic model of social democracy offers lessons to the developing world including countries like India despite the myriad complexities of diversities.
What is the Nordic Model?
The Nordic model, also known as the Scandinavian model, is the combination of social welfare and economic systems adopted by Nordic countries (Sweden, Norway, Finland, Denmark, and Iceland).
It combines features of capitalism, such as a market economy with social benefits, such as state pensions and income distribution.
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