LEADER 03724nam 2200577 450 001 9910793119503321 005 20200520144314.0 010 $a1-5017-2612-9 010 $a1-5017-2611-0 024 7 $a10.1515/9781501726118 035 $a(CKB)4100000007005384 035 $a(MiAaPQ)EBC5541088 035 $a(OCoLC)1031049776 035 $a(MdBmJHUP)muse67650 035 $a(StDuBDS)EDZ0002048816 035 $a(DE-B1597)503425 035 $a(DE-B1597)9781501726118 035 $a(Au-PeEL)EBL5541088 035 $a(EXLCZ)994100000007005384 100 $a20181024d2018 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aGood governance gone bad $ehow Nordic adaptability leads to excess /$fDarius Ornston 210 1$aIthaca ;$aLondon :$cCornell University Press,$d2018. 215 $a1 online resource (276 pages) 225 1 $aCornell studies in political economy 300 $aPreviously issued in print: 2018. 311 $a1-5017-3017-7 311 $a1-5017-2610-2 320 $aIncludes bibliographical references and index. 327 $aIntroduction : the Nordic paradox -- Good governance gone bad : the politics of overshooting in Nordic Europe -- Manufacturing a crisis : the politics of planning in Sweden -- Connecting people : the politics of innovation in Finland -- From banking on fish to fishy banks : the politics of liberalization in Iceland -- Contrasting cases : Austria, Switzerland, Greece, and Portugal -- Overshooting outside of Nordic Europe : Ireland and Estonia -- Conclusion : lessons for large states. 330 $aIf we believe that the small, open economies of Nordic Europe are paragons of good governance, why are they so prone to economic crisis? In Good Governance Gone Bad, Darius Ornston provides evidence that adapting flexibly to rapid, technological change and shifting patterns of economic competition may be a great virtue, but it does not prevent countries from making strikingly poor policy choices and suffering devastating results. Home to three of the "big five" financial crises in the twentieth century, Nordic Europe in the new millennium has witnessed a housing bubble in Denmark, the collapse of the Finnish ICT industry, and the Icelandic financial crisis.Ornston argues that the reason for these two seemingly contradictory phenomena is one and the same. The dense, cohesive relationships that enable these countries to respond to crisis with radical reform render them vulnerable to policy overshooting and overinvestment. Good Governance Gone Bad tests this argument by examining the rise and decline of heavy industry in postwar Sweden, the emergence and disruption of the Finnish ICT industry, and Iceland's impressive but short-lived reign as a financial powerhouse as well as ten similar and contrasting cases across Europe and North America. Ornston demonstrates how small and large states alike can learn from the Nordic experience, providing a valuable corrective to uncritical praise for the "Nordic model." 410 0$aCornell studies in political economy. 606 $aStates, Small$xEconomic policy 607 $aScandinavia$xEconomic policy 607 $aEurope$xEconomic policy 607 $aScandinavia$xEconomic conditions$y21st century 607 $aEurope$xEconomic conditions$y21st century 615 0$aStates, Small$xEconomic policy. 676 $a338.0948 700 $aOrnston$b Darius$f1978-$01521421 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910793119503321 996 $aGood governance gone bad$93760563 997 $aUNINA