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Sweden is Swimming Against the Financial Tide
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Prosperity Despite Austerity (2011): What is the secret to Sweden's economic success?
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Whilst most European economies are crumbling under the debt crisis, one country is bucking the trend, proving that austerity measures can simultaneously inspire growth and make a nation proud.
After years running an all inclusive welfare state, Sweden was, by the early '90s, in a deep crisis. The government pulled on the emergency brake and the social sector was reformed massively. Yet, "in comparison to many other countries, the Swedes have a great confidence in the state". Drastic austerity measures were coupled with good tax incentives and an open budget. "We have a very long tradition of making information available to the public; this principle has had a big impact."
ORF – Ref. 5319
Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
For similar stories, see:
Swedish Babies are Getting a Head Start on Education
The Swedish Pirate Party is Fighting Against Copyright Laws
How Iceland Became A Symbol Of The 2008 Financial Crisis
Subscribe to journeyman for daily uploads:
For downloads and more information visit:
Like us on Facebook:
Follow us on Twitter:
Follow us on Instagram:
Whilst most European economies are crumbling under the debt crisis, one country is bucking the trend, proving that austerity measures can simultaneously inspire growth and make a nation proud.
After years running an all inclusive welfare state, Sweden was, by the early '90s, in a deep crisis. The government pulled on the emergency brake and the social sector was reformed massively. Yet, "in comparison to many other countries, the Swedes have a great confidence in the state". Drastic austerity measures were coupled with good tax incentives and an open budget. "We have a very long tradition of making information available to the public; this principle has had a big impact."
ORF – Ref. 5319
Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
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