5 Socialist Countries that Have Succeeded

3. Finland

Gini Coefficient: 27.4

Finland is another Nordic country on the list of 15 Socialist countries that have succeeded. Finland’s economy is characterized by Nordic Model and has high levels of socialism in its economy. This includes unionized labor, collective bargaining, paid maternity and parental leaves, public pensions, minimum wage, education and healthcare. Finland has an innovation score of 57. The country ranks 11th in global competitiveness and has a social progress score of 91.89. 

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