Creating Nordic Capitalism The Development of

Denmark, Finland, Norway and Sweden have for a long time been ranked among the top ten most growth-oriented economies in the world. Creating Nordic Capitalism illuminates how and why these small North European states have come to be identified with growth and innovation. Detailed case-studies focus on the companies who have driven change, while the economic context is laid out clearly by region.

Susanna Fellman: Adjunct Professor (Docent), Department of Social Science History, Helsinki University
Martin Jes Iversen: Associate Professor, Centre for Business History, Copenhagen Business School
Hans Sjögren: Professor of Economic History and Institutional Economics, Department of Management and Engineering, Linköping University and Research Fellow, Stockholm School of Economics, Sweden.
Lars Thue: Professor, Department of Innovation and Economic Organisation, BI, Norwegian School of Management, Oslo

List of figures	p. vii
List of tables	p. ix
List of photographs	p. xii
Acknowledgements	p. xiii
Notes on the contributors	p. xiv
List of abbreviations	p. xviii
Creating Nordic capitalism - the business history of a competitive periphery	p. 1
Prologue to the Swedish chapter	p. 20
Welfare capitalism: the Swedish economy, 1850-2005	p. 22
Entrepreneurship and ownership: the long-term viability of the Swedish Bonnier and Wallenberg family business groups	p. 75
From ASEA to ABB: managing big business the Swedish way	p. 104
Prologue to the Finnish chapter	p. 137
Growth and investment: Finnish capitalism, 1850s-2005	p. 139
From state ownership to MNC: the path of Enso-Gutzeit to Stora-Enso	p. 218
Success and failure of a conglomerate firm: the strategic paths of Nokia and Tampella in the liberalizing Finnish economy after the Second World War	p. 238
Prologue to the Danish chapter	p. 263
Co-operative liberalism: Denmark from 1857 to 2007	p. 265
Arla: from a decentralized co-operation to an MNE	p. 335
Carlsberg: regulation of the home market and international expansion	p. 365
Prologue to the Norwegian chapter	p. 392
Norway: a resource-based and democratic capitalism	p. 394
Constructive power: Elkem, 1904-2004	p. 494
Finance and the development of Norwegian capitalism: the case of Christiania Bank	p. 530
Conclusion	p. 558
Statistical appendix	p. 580
Index	p. 587
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Creating Nordic Capitalism The Development of a Competitive Periphery

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