Models of prosperity

February 15, 2020 12:07 am | Updated 11:14 pm IST

The Scandinavian countries developed social welfare states in the early- to mid-20th century. This came about partially because of the domination of social democrats in Sweden and Denmark, and the Labour Party in Norway. Scandinavian societies are certainly admirable in many respects. Their high scores for human development are built around principles of individual autonomy and self-determination. However, the truth is that there is no one model of prosperity. In the future, there will have to be multiple models of prosperity based on individual circumstances, and the specifics of culture, history, economics and politics; it won’t be a case of everybody following one model, but of everybody flourishing within their own context. (Editorial page, “Towards a new world order,” Feb.14).

K.M.K. Murthy,

Secunderabad

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.