Sweden’s development towards prosperity started with institutional reforms such as incentive enhancing land reforms, property rights, successful anti-corruption measures and free trade reforms. Today export comprises 50 per cent of the GDP. As a small country Sweden has also been dependent on trade and international relations, which has contributed to the financial wealth. After the problematic period from 1970 to 1995, again Sweden has done remarkably well in terms of economic growth and the economic crisis of 2008 has strengthened this impression. From being one of the poorest countries in Europe, the 100-year period from 1870 to 1970 turned Sweden into the fourth richest country in the world. ![]() ![]() Sweden has done well in combining high levels of economic growth with increasing equality.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |