Country Analysis: Sweden and Its Political Economy

Basically, most people in this country understand that things change economically, but they do not want it to change so dramatically. In particular, they believe that the Swedish welfare system is what people are struggling with. The political and economic system of Sweden is the Social Democratic Party. Its economic regulations include private property, ownership of the same state, high taxes and high public goods. Resources such as timber, iron ore and hydropower have a major impact on the foreign trade of the Swedish economy.

As far as per capita GDP (Gross Domestic Product) is concerned, Sweden is the seventh rich country in the world, and its citizens experience a high standard of living. Sweden is an export-oriented mixed economy. Wood, hydropower and iron ore constitute the foundation of economic resources that emphasize foreign trade. Sweden's engineering department accounts for 50% of production and exports, but the telecommunications, automotive and pharmaceutical industries are also very important. Sweden is the ninth largest arms exporter in the world. Agriculture accounts for 2% of GDP and employment. This country has the highest rate of penetration of telephone and Internet access.

According to the World Economic Forum's 2012 - 2013 Global Competitiveness Report, Sweden is the fourth most competitive economy in the world. Sweden is the country with the highest performance in 2014 Global Green Economic Index (GGEI). Sweden is ranked fourth in the 2013 IMD World Competitiveness Yearbook. According to the American economist at the University of Toronto in Sweden, "Flying for Creative Courses", Sweden is considered the most creative in business and is expected to bring out the talent of the world's most trained workers . This book summarized the index to measure what it claims to be the most useful creativity for business - talent, technology and tolerance

Like neighboring countries of the Scandinavian countries, Sweden has consistently ranked as one of the most gender-balanced countries in the world. According to the World Economic Forum's 2016 Global Gender Gap Report, Iceland, Finland, Norway and Sweden have had the greatest success in reducing gender inequality. This is a "gap" that prevents men and women from being equally equal in education, health, economy and politics. For example, in Sweden, due to the revision of the educational law in 1998, schools were obliged to adopt the "sexual awareness education" guide. Based on these facts, it can be seen that the school provides children with equal opportunities regardless of gender, opposed gender discrimination, and is responsible for "resisting traditional gender models" .