Considered role models for governance, equality, and social and economic policy, the Nordic countries rank near the top of every quality of living standard survey worldwide. The state welfare system, access to quality education and wage equality characterise the Nordic model and contribute to the countries’ continued growth and prosperity. But they also face challenges due to ageing populations, increasing inequality and digitalisation. What are the lessons to be learned from the Nordic countries? How can the Nordic model help shape future economic policy in Europe? How will the Nordic countries confront the challenges to their system? This Forum examines various angles and provides relevant applications for the future.