Configuration of Basic Principles of Development in the Nordic Model

The Nordic model has become a brand at the international political economy; the adoption of the social-democratic model has had more effects than a pure economic consequences. However, although the application of the principles of free market, innovation and free trade has brought welfare states into the industrialized world with high levels of GDP and high quality of living standards, it is this special social construction and political stability that has enabled them to experience this level of economic and social capital. This social construction and political stability is the result of the intellectual-social context of the Nordic field. Nordic universal welfare states have a system of social welfare, the provision of social and public services. Each tradition has formed a hybrid system of both the social democratic model and capitalist model in the Nordic region. The current studyaims to find how socio-cultural traditions have formulated both the formation and the solution of the difficulties and dilemmas of the Nordic model of universal welfare state. Consequently, based on a descriptive-explanatory method, this article examines the socio-cultural traditions of the Nordic society, including the free peasant tradition, the socialist utopia tradition, the capitalist and the governing tradition, and explains how to configure these traditions in principles foundations of "human development", "hybrid economy", "social capital" and "public trust", "equality", "solidarity and property" and "Nordic development model".