1. The Swedish Model of Economy Development
The rapid growth that started in 1933 was facilitated by the efficient import-substitution process and export expansion (Lindbeck et al., 1993). ... The ossified decision-making mechanisms and aging institutions have not been successive to favor the long-term economic outcomes of the country (Lindbeck et al, 1993). ... For these companies to survive during the hard times, they had to minimize their costs, which included laying off workers and reducing the minimum wage (Lindbeck et al, 1993). ...
- Word Count: 1862
- Approx Pages: 7
- Grade Level: Undergraduate