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Article: Sweden: Prosperity and stability.
- Article from:
- Market Europe
- Article date:
- April 1, 2005
CopyrightCOPYRIGHT 2005 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sweden is one of those places.
The country managed to get through the entire 20th Century maintaining "peace and neutrality" (as the CIA's World Factbook put it). It was neutral during both World Wars, and actually hadn't fired a shot in anger for almost two centuries.
Not only that, but because of Sweden's exemplry fiscal discipline, it has developed an economic system that has given its consuming public a standard of living to be envied.
While its GDP [estimated at US$267-billion for 2005 by the International Monetary Fund (IMF)] may not be as spectacular as some of its European neighbors, or the bigger countries of the world, it is ...