The Difference Free Market Reforms Makes

Tino Sanandaji has a good post where he compared the performance of France and Sweden. France has had slower growth than the United States since the 1980s while Sweden has had higher growth than the U.S. since 1993.

Part of the story for the Swedish boom was a cyclical rebound from the deep Swedish 1990-93 slump, but free market reforms have also helped. By contrast, France hasn't had any free market reforms, contributing to its weak performance.