Classifier Instance:

Anchor text: Iceland
Target Entity: Iceland
Preceding Context: The Nordic model refers to the economic and social models of the Nordic countries (Denmark,
Succeeding Context: , Norway, Sweden and Finland). This particular adaptation of the mixed market economy is characterised by more generous welfare states (relative to other developed countries), which are aimed specifically at enhancing individual autonomy, ensuring the universal provision of basic human rights and stabilising the economy. It is distinguished from other welfare states with similar goals by its emphasis on maximising labour force participation, promoting gender equality, egalitarian and extensive benefit levels, large magnitude of redistribution, and liberal use of expansionary fiscal policy. This has included high degrees of labour union membership. In 2008, labour union density was 67.5% in Finland, 67.6% in Denmark, and 68.3% in Sweden. In comparison, union membership was 11.9% in the United States and 7.7% in France. The Nordic Model, however, is not a single model with specific components or rules; each of the Nordic countries has its own economic and social models, sometimes with large differences from its neighbours.
Paragraph Title: null
Source Page: Socialism

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