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Conclusion<br />
• The Danish Model stalled in 2006, reforms <strong>of</strong> early retirement<br />
scheme failed, tax reform was half-hearted, efforts to contain<br />
growth in public consumption miscarried<br />
• Strong structural assets can facilitate higher growth rate in<br />
Denmark, if policy is tilted towards private sector growth<br />
• Strong voter preference for public consumption, financed by<br />
higher taxes<br />
• Without reforms, <strong>the</strong> Danish Model is unlikely ever to deliver as it<br />
did in 2003-2006. 2011 elections crucial<br />
• Growth policy <strong>of</strong> government is not clear
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