Work detail

A comparison of global crisis impacts on welfare states in Norway, Sweden and Iceland

Author: Bc. Zuzana Miesslerová
Year: 2011 - summer
Leaders: prof. PhDr. Petr Teplý Ph.D.
Work type: Bachelors
Language: Czech
Pages: 56
Awards and prizes:
Abstract: The BA thesis compares effects of global economic crissis on economy, welfare state
and society of three Nordic countries: Iceland, Norway and Sweden. Despite the fact
that all these three countries are characterized by high welfare spending, which, in the
time of crissis, has tendency to increase while the state income decreses, the economic
problems have not resulted in significant erosion of existing welfare state in any of these
countries. However, the development of the crissis differed due to different structure of
economy in each country: Iceland has been havily damaged by colapse of its
hypertrophied finance sector, Sweden has been damaged severely, but thanks to its
flexible industry has been fast back on its track, and Norway thanks to its oil exports has
barely noticed the crissis. Despite robust welfare state, especially on Iceland the
negative social effects generated by the crisses have not been compensated. However, the welfare state remained in all three countries a key tool to deal with economic crissis
consequences for their respective governements.


Česká Spořitelna


Patria Finance