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Swedish Lessons for Post-Socialist Countries

  • Lindbeck, Assar


    (Institute for International Economic Studies, Stockholm University)

Sweden experienced exeptionally fast economic growth during the century-long period 1870-1970. This illustrates that a decentralized market economy, highly open to international transactions, may be quite conductive to sustained productivity growth if the government fulfills its "classical" functions well. The subsequent period of centralization and large government, 1970-1985/90, was characterized by considerable social achievements. But the rate of economic growth was quite low as compared to other developed countries. The last period discussed in the paper, after about 1985/90, may be characterized as a "period of transition" away from the centralized and highly interventionistic system of the 1970s and 1980s. A number of transition problems are discussed in the paper.

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Paper provided by Stockholm University, Institute for International Economic Studies in its series Seminar Papers with number 640.

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Length: 41 pages
Date of creation: 21 Dec 1998
Date of revision:
Handle: RePEc:hhs:iiessp:0640
Contact details of provider: Postal: Institute for International Economic Studies, Stockholm University, S-106 91 Stockholm, Sweden
Phone: +46-8-162000
Fax: +46-8-161443
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