The Swedish Model

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    Abstract

    The main characteristics of ‘the Swedish model’ are arguably related to the country's knowledge-intensive industry and its advanced welfare state. The purpose of this chapter is to discuss the historical development of these two features of the Swedish economy. The first part looks at industrial development, highlighting both the reasons for the rapid industrialization in the late 19th century and the subsequent shift from raw materials to human capital and knowledge as the main competitive advantages. The second part turns to the development of welfare state, stressing the gradual increase in benefits and coverage as well as the emphasis on universal rather than means-tested benefits. The final part suggests some policy conclusions for today's developing countries and emerging economies.


    Original languageEnglish
    Title of host publicationDevelopment Success : Historical Accounts from More Advanced Countries
    EditorsAugustin K. Fosu
    Place of PublicationOxford
    PublisherOxford University Press
    Publication date2012
    Pages73-114
    Chapter4
    ISBN (Print)9780199660704
    DOIs
    Publication statusPublished - 2012
    SeriesWIDER Studies in Development Economics

    Cite this

    Kokko, A. (2012). The Swedish Model. In A. K. Fosu (Ed.), Development Success: Historical Accounts from More Advanced Countries (pp. 73-114). Oxford University Press. WIDER Studies in Development Economics https://doi.org/10.1093/acprof:oso/9780199660704.003.0004