Examples of necessary reforms include the courage to let go of ineffective industries that have no future. Magnus Henrekson lists three threats that could jeopardize the success: A weak education system, lack of integration, and that the cities are not allowed to grow at a desirable pace.
Threats to Swedish Progress
12 December 2013
In a European perspective the Swedish economy is performing well. How come? Professor Magnus Henrekson, IFN, is interviewed by the Fjärde Uppgiften about what might make a country successful. One of the main reasons for the Swedish success, he claims, is that “we had our crisis in the 90's and implemented necessary reforms, which others have failed to carry through”.
