Friday, April 13, 2012

The Spectator On Sweden

The Spectator (the British one) has an interesting article on Sweden's relative economic success in the last few year. It can be complimented with the following charts published by Sweden's governing Moderate Party. The first one depicts average annual GDP growth in the latest 5 years in Sweden compared to selected other countries and groups of countries, the second depicts average annual employment growth in the latest 5 years compared to the same countries and groups of countries. Sverige is of course the Swedish word for Sweden and Tyskland is the Swedish word for Germany.
The charts are partially misleading because they don't adjust for population growth, but taking that into account wouldn't change much except that Germany would go from somewhat weaker than Sweden to somewhat stronger. But since Germany has pursued similar policies as Sweden, that only reinforces the conclusion that such policies have positive effects.


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