Equality

Rising inequality is a concern for some as it is unfair and can lead to social evil. Nordic countries are known for their equality and business friendliness, which is due to political settlements in the 20th century that have resulted in special social market economies.

Format: Paperback / softback
Length: 120 pages
Publication date: 28 August 2021
Publisher: Aarhus Universitetsforlag

Rising inequality is a defining feature of the modern era of globalized economies, sparking debates among observers about its implications. While some argue that inequality is a natural outcome of economic growth, others perceive it as a cause for concern, not only for its unfairness but also because it has been linked to social ills, as stated by Pope Francis.

According to various metrics, Nordic countries consistently rank among the best in terms of equality and business friendliness. Political scientist Carsten Jensen explores the exceptional nature of equality in the region, highlighting "the four equalities" that set it apart: economic, intergenerational, gender, and health.

Economic equality is characterized by a relatively low gap between the poor and the rich, while intergenerational equality ensures that success in life is not solely dependent on the social status of one's parents. Gender equality is evident in the high integration of women into the labor market and their independence from the family. Health equality ensures that the poor have access to the same medical treatments as the well-off.

These four equalities have their roots in unique political settlements made in the 20th century, shaping the social market economies of these countries. These unique economic arrangements continue to impact their growth and levels of equality today.

While some argue that inequality is a necessary evil to drive economic growth, others emphasize the need for policies to address income disparities and promote social mobility. The Nordic model, with its focus on social welfare, education, and worker rights, has been cited as a successful example of addressing inequality while promoting economic prosperity.

However, achieving true equality remains a complex and challenging task, requiring a combination of economic policies, social programs, and cultural changes. It is essential to recognize that inequality is not just a problem of wealth distribution but also of power and opportunity, and efforts to address it must prioritize the empowerment of marginalized groups and the creation of a more equitable society.

Weight: 204g
Dimension: 145 x 199 x 11 (mm)
ISBN-13: 9788772193267