| Summary: | The European social models that emerged in Europe are answers to various problems faced by micro and macroeconomic activity. An insight into the economic situation of all European social models emphasizes that the Nordic model has the highest efficiency in terms of economic results. The states that belong to the scandinavian model are characterized by stable economic growth, strong social democracy, a strong trade union movement, low levels of corruption and universality of the system that helps companies to overcome difficult moments.
This paper highlights the micro and macroeconomic policies that have led to economic stability and very good results in terms of living standards. The main hypothesis of the paper assumes that investments in education and workforce improvement led to the growth of the living standards in the Scandinavian model.
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