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Turning Sweden Around (Paperback)

Author: Lindbeck

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What lessons does the current economic crisis in Sweden offer for othereconomies? Written in a clear and precise style and using modern theories ofmacroeconomics and economic policy to analyze Swedens serious economic situation, Turning Sweden Around outlines recommendations for change that are both unusual andprovocative. Combining economic and political analysis it covers wide-ranging areasand broad structural issues that encompass the necessity for institutional reformsas well as economic change.The plunge in Swedens economy has taken many bysurprise, showing how much more vulnerable Sweden has been to macroeconomicdisturbance than previously believed. Since 1990 industrial output has fallendramatically, total unemployment has grown to 12 percent, the public sector deficitis 13 percent of GDP, and since the country shifted to a floating exchange rate lastfall, the krona has depreciated by more than 20 percent.The authors identify thedeficiencies of Swedens economic and political institutions, and suggest remediesthat cut across virtually all aspects of economic and political life: product andfactor markets, the system of wage formation, the public sector, and central andlocal government. They show that many of the current problems stem from an uncleardivision of responsibilities, describing a government that has taken on so manytasks that it is unable to fulfill its core obligations. Three chapters tackle thebasic problems in the Swedish economy -- stability, efficiency, and growth -- whilea fourth chapter suggests how to change the political system to strengthendemocracy. *Author: Lindbeck/ Lindbeck, Assar/ Molander, Per *Binding Type: Paperback *Number of Pages: 249 *Publication Date: 2003/01/01 *Age Level: 22 - UP *Language: English *Dimensions: 6.00 x 9.00 x 0.53 inches


Publisher MIT Press (MA)
Mfg Part# 9780262514514
SKU 213455805
Format Paperback
ISBN10 0262514516
Release Date 12/7/2009
Product Attributes
Book Format Paperback
Minimum Age 22
Number of Pages 0249
Publisher MIT Press (MA)
$25.00 + $2.75 shipping
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