The Economic Development of Sweden Since 1870

Download or read book The Economic Development of Sweden Since 1870 written by Lars Jonung and published by Edward Elgar Publishing. This book was released on 1997 with total page 844 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1870 to 1970 period, Sweden experimented with a number of social policy measures, including far-reaching egalitarian policies and an extensive welfare system, yet they still enjoyed one of the most rapid growth rates in the world economy. These policy experiments in large part marked the beginnings of the academic field of economic history, nurtured most carefully by Eli F. Heckscher. This collection of reprinted articles by various authors reflects upon Sweden's economic maturity from a poor preindustrial nation to a wealthy European model economy. The development of Sweden's banking system plays prominently in the discussion, as does the importance of exports and transportion lines to this geographically small country with a long coastline. But perhaps the most attention goes to how the Swedish economy thrived while steadfastly emphasizing their public welfare system. Annotation copyrighted by Book News, Inc., Portland, OR