{"product_id":"good-governance-gone-bad","title":"Good Governance Gone Bad","description":"\u003cp\u003eIf we believe that the small, open economies of Nordic Europe are paragons of good governance, why are they so prone to economic crisis? In \u003cem\u003eGood Governance Gone Bad\u003c\/em\u003e, Darius Ornston provides evidence that adapting flexibly to rapid, technological change and shifting patterns of economic competition may be a great virtue, but it does not prevent countries from making strikingly poor policy choices and suffering devastating results. Home to three of the \"big five\" financial crises in the twentieth century, Nordic Europe in the new millennium has witnessed a housing bubble in Denmark, the collapse of the Finnish ICT industry, and the Icelandic financial crisis.\u003c\/p\u003e\u003cp\u003eOrnston argues that the reason for these two seemingly contradictory phenomena is one and the same. The dense, cohesive relationships that enable these countries to respond to crisis with radical reform render them vulnerable to policy overshooting and overinvestment. \u003cem\u003eGood Governance Gone Bad\u003c\/em\u003e tests this argument by examining the rise and decline of heavy industry in postwar Sweden, the emergence and disruption of the Finnish ICT industry, and Iceland's impressive but short-lived reign as a financial powerhouse as well as ten similar and contrasting cases across Europe and North America. Ornston demonstrates how small and large states alike can learn from the Nordic experience, providing a valuable corrective to uncritical praise for the \"Nordic model.\"\u003c\/p\u003e","brand":"Longleaf Services on behalf of Cornell University","offers":[{"title":"Default Title","offer_id":52640592396655,"sku":"9781501730177","price":262.34,"currency_code":"BRL","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0921\/9384\/9711\/files\/1501730177.jpg?v=1770394815","url":"https:\/\/internacional.umlivro.com.br\/products\/good-governance-gone-bad","provider":"UmLivro Internacional","version":"1.0","type":"link"}