The Sweden economy can be categorized among the most developed economies in the world. It is quite diverse and more oriented to export which forms the largest proportion of the country’s GDP.
The country took a neutral position during the Second World War which means that the country did not experience economic destruction like many other countries in the world. Due to this position the country took during the world war, the economy of the country remained to be a mixed economy. The economy is more capitalist but with some elements of state control. The government derives most of its income from tax revenue and it is ranked position two in the world after Denmark in terms of the proportion of national income that is derived from the tax revenue. The Sweden economy has been performing well in the past years despite many internal and external challenges. For instance, in 2006 the country was ranked position nine globally in terms of per capita GDP. Despite this level of success in the economy, the Swedish economy has been dominated by the government monopolies which have been a major economic issue in the country and even outside the country. The Government has dominated many sectors of the economy where it acts as the sole provider of many goods and services. In Sweden the government has been the sole provider of alcoholic drinks, railway services, health care services and many other similar services. However, in the recent past the government has been allowing privatization in some industries like the transport industry. This paper will look at the government retail monopoly in Sweden and analyze whether they make any economic sense in the country’s economy. This study will also compare this type of economy with other open market economies like Switzerland.
The post The Sweden economy can be categorized among the most developed economies in the world. It is quite diverse and more oriented to export which forms the largest proportion of the country’s GDP. appeared first on My Nursing Paper.