Question

Describe nuanced and thoroughly what action a government can take in order to make economic development in the sociodemocratic country Sweden from a recession.

If you post old answers, I will give your answer a negative rating.

In order to write nuanced answers, it is necessary to answer from different perspectives. To do objective reasoning showing things from different directions. A consequence can be positive for one party but negative for someone else. Or positive in a short-term perspective but negative in the long run. It usually depends only on how to look at the matter. Your task is to showcase these different perspectives. Show that you have a deeper understanding of the subject's complexity. That reality is not black and white, but it's a gray area

Answer 1

IMMIGRATION AND REFUGEE PROBLEM IS THE MAIN CONCERN FOR THE WELFARE STATE OF SWEDEN.

Swedes are rightly proud of their welfare state. The “Scandinavian model” combines high taxes, collective bargaining and a fairly open economy. The result is excellent living standards, high wages and impressive rates of female labour-force participation (parental leave is generous for both sexes). Its reputation has leftist politicians elsewhere filled with envy: Bernie Sanders has cited Sweden, and its neighbour Denmark, as his ideal of “social democracy”. Yet the system has long been in need of reform. Like much of Europe, Sweden has an ageing workforce. Decades of under-construction has sent house prices soaring in Stockholm and other cities. High wages leave many unskilled workers, both Swedish and foreign-born, on the fringes of the labour market.

ECONOMIC DEVELOPMENT IN SWEDEN TO SORT OUT THE CRISIS..SWEDEN MAY BE THE ROLE MODEL FOR MANY

1. Keep your fiscal house in order when times are good, so you will have more room to maneuver when things are bad

2. Fiscal stimulus can be more effective when it is automatic.

3. Use monetary policy aggressively

4. Keep the value of your currency flexible

5. Bankers will always make blunders; just make sure they don’t doom the economy.

A surge in the pace of growth in the second quarter of 2017 means Sweden's GDP expanded by a whopping 4 per cent from a year earlier,

Sweden's gross domestic product (GDP) grew by 1.7 percent in the second quarter of 2017, fresh figures from Statistics Sweden (Statistiska centralbyrån, SCB) show. That means the country's year-on-year growth rate landed at 4 percent, beating the economists' forecast growth of 2.8 percent.

This shows the strength of the Swedish economy, and we can see that both the household consumption and property investments are going strong," quoted by FINANCE MINISTER.

"There have been some indications that the economy has real strength, and this is a sign that is actually the case. Not least the property investments are pleasing, as we need to build a lot of homes, and the government has worked hard on the housing issue"