I’ve just read that Denmark has retained its position as the world’s fifth most competitive economy.
What do you think really makes this economy tick?
Flexibility? Educated workforce? We’d love to know your thoughts.
This entry was posted
on Thursday, May 10th, 2007 at 10:18 am by Aaron Bateman and is filed under Business.
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I think it’s like Anders Fogh Rasmussen was commenting the other day - when he comes home to DK after visiting other countries he is struck by the order of the society. In his words, everything works. When it doesn’t work, you notice it (e.g. trains that arrive late). There is a solid working model and a strong degree of social trust, the magic stuff required for transactions to flow smoothly among people. Another major, of course, is the labor laws in Denmark - they are much more employer-friendly than most other places so, as an employer, you are more likely to invest in growth or new enterprises. Fogh Rasmussen also pointed out that the Danes are highly mobile as a workforce, changing jobs often because they feel secure enough to do so. That might sound bad for business, but it is the catalyst that renews and finetunes business models to keep Denmark ahead of the world.
May 13th, 2007 at 11:35 am
I think it’s like Anders Fogh Rasmussen was commenting the other day - when he comes home to DK after visiting other countries he is struck by the order of the society. In his words, everything works. When it doesn’t work, you notice it (e.g. trains that arrive late). There is a solid working model and a strong degree of social trust, the magic stuff required for transactions to flow smoothly among people. Another major, of course, is the labor laws in Denmark - they are much more employer-friendly than most other places so, as an employer, you are more likely to invest in growth or new enterprises. Fogh Rasmussen also pointed out that the Danes are highly mobile as a workforce, changing jobs often because they feel secure enough to do so. That might sound bad for business, but it is the catalyst that renews and finetunes business models to keep Denmark ahead of the world.