The reforms of the labour market have reduced the level of structural unemployment to close to 4 per cent of the labour force. Page 1 of 8  The Danish labour market is flexible with few restrictions on hiring and firing but with an extended social safety net.
In my mind there is no doubt that this is a major reason for the relative positive attitude vis-á-vis globalisation among the majority of the Danish population. The turnaround of the Danish economy can also be illustrated by the development in the current account and the Danish net foreign asset position.