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- W324352843 abstract "This chapter highlights the Swedish political economy. It has struck a delicate balance between growth and equity and has given both capital and labor very considerable influence in political and economic decision making. The Swedish mixture of regulated markets, private and public ownership, extensive social benefits, and full employment constitutes a middle way that, according to many, has combined some of the best features of capitalist and socialist societies. For decades, many believed the Swedish model to be stable. Sweden's equilibrium is easier to preserve during an era of strong economic growth. As growth has slowed since the late sixties, social conflict over limited resources has intensified. Few observers feel that Sweden is at a turning point. In this view, the time has come for an unavoidable choice between pushing forward with the reforms of the seventies from worker participation to worker ownership or accepting an economy based on private ownership of the means of production and restructuring incentives accordingly. Yet capital and labor in Sweden have struggled and reached accommodations in the past. An air of compromise characterized the early measures of the new Palme government, and the Swedish stock market responded with a robust rally." @default.
- W324352843 created "2016-06-24" @default.
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- W324352843 date "1984-01-01" @default.
- W324352843 modified "2023-09-27" @default.
- W324352843 title "SWEDEN" @default.
- W324352843 doi "https://doi.org/10.1016/b978-0-12-781050-8.50008-7" @default.
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