NSFM Director, Frank Jan de Graaf in collaboration with Nol Hovens and Herman Blom has recently finished a book: Northern Europe as a Role Model: Successful Enterprise in a Globalising Economy. The book follows an earlier paper written with fellow NSFM Director, Cindy Williams on the intellectual foundations of the global financial crisis.
Does Northern Europe possess unique characteristics that cannot disappear and do not need to disappear, or will globalisation inevitably result in uniformity, divested businesses, lower wages and huge pressure on social security provisions? This is one of the main questions addressed by the book, which is the result of a research programme undertaken by the Professorship International Business of the Hanze University of Applied Sciences in Groningen.
The role of social ties in Northern European institutional structures are assessed, and attention focussed on long-term relationships and a high level of institutional trust (trust in government, trust in collective arrangements). The authors plea for a renewed attention on economics in which both financial objectives and social ties are important.
The book is currently published in full only in Dutch. An English version will be published later this year.