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Sweden: A Mixed Economic System

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Tyler St.Amour

on 21 January 2014

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Transcript of Sweden: A Mixed Economic System

Sweden: A Mixed Economic System
Sweden
Tyler St. Amour, Candice Sedano,
Edwin Hernandez
P-1, 01/16/14
Mixed Economic System
Do People Like Sweden's Econimic System?
- People are appreciative of Sweden's economic system due to it being an innovative economy and it actually creating better jobs & makes Europe more competitive, the commission said.
Who does this country trade the most with?
- Export Partners
Advantages/ Disadvantages of Economic System
-State provides the essential services
-Private sector encourage for profits
-Competition keeps press law
-Consumer choice
-Inefficient buisness behavior conrolled
Advantages
Disadvantages
-Heavy taxes reduce
- Sweden is the European member state which gets the most out of it's motivation investments.
Norway
Germany
UK
Denmark
Finland
Netherlands
U.S.
Belgium
- Import Partners
Germany
Denmark
Norway
UK
Netherlands
Russia
Finland
China
Sweden's Products
Main Exports
Iron Ore
Petroleum Oils
Telephones
Cars
Parts & Accessories of motor vehicles
Current Economic State
GDP (PPP):
$393.0 billion
1.2% growth
1.0% 5-year compound annual growth
$41,191 per capita
Unemployment:
7.9%
Inflation (CPI):
0.9%
FDI Inflow:
$13.7 billion
Over the past 20 years, Sweden's economic freedom has drastically improved making it the 2nd best improvement among developed countries.
Sweden's openness to global trade has largely contributed to it's rather quick recovery from recession.
Opinion on economic system
I agree with Sweden's economic system & policies. Mostly because its economy has statistically risen over the past years since it has been modifying its system. It definitely benefits the country since the unemployment rate has lowered. I also think that the reason behind Sweden's economic improvement is due to the country's strong protection of property rights and minimal tolerance of corruption.
Work Cited
"Mixed Economy and Its Advantages/disadvantages." Foreign Educator Teaching System RSS. N.p., n.d. Web. 16 Jan. 2014.
"EurActiv.com | .." EurActiv.com | .. N.p., n.d. Web. 16 Jan. 2014.
Infoplease. Infoplease, n.d. Web. 16 Jan. 2014.
"Sweden." Economy: Population, GDP, Inflation, Business, Trade, FDI, Corruption. N.p., n.d. Web. 16 Jan. 2014.
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