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Social Policy Review 24Analysis and debate in social policy, 2012$
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Majella Kilkey and Gaby Ramia

Print publication date: 2012

Print ISBN-13: 9781447304470

Published to Policy Press Scholarship Online: January 2013

DOI: 10.1332/policypress/9781447304470.001.0001

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Seeking refuge in the Nordic model: social policy in Iceland after 2008

Seeking refuge in the Nordic model: social policy in Iceland after 2008

(p.297) Fourteen Seeking refuge in the Nordic model: social policy in Iceland after 2008
Social Policy Review 24

Zoë Irving

Policy Press

Small island states have not figured prominently in comparative analysis or welfare state modelling and Iceland has only recently gained popular notoriety as a result of its economic and environmental volatility. This article focuses on the Icelandic experience of twenty-first century financial crisis, and what this might reveal about the development of social policy. Iceland's position as the earliest country to face post-2008 economic collapse is significant in terms of lessons to be drawn regarding financial regulation and the political process. The post-crisis Icelandic welfare trajectory is even more significant however, in considering both the challenge (or not) to neoliberal hegemony posed by the global economic crisis and the extent to which welfare states are bound (or not) to particular patterns of national response.

Keywords:   Iceland, Financial crisis, Small island states, Welfare states, Social policy

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