Eight scientists and economists write in SvD today that they do not share the view of Finance Minister Magdalena Andersson that the economy is strong and Sweden is equipped for the future. Sweden’s government is focusing on the country’s economic growth just now while critics question the Swedish economy’s long-term ability to maintain high productivity growth. “Swedish competitiveness is a decisive factor for maintaining our economic welfare. Seen from this perspective, it is not at all certain that it is going well for Sweden,” they write.
The authors reference a new report from the Swedish Entrepreneurship Forum that shows that Sweden is ranked among the bottom when it comes to factors that are important for competitiveness such as taxes, employment market regulations and general complexity of the administrative burden.
Sweden is in a significant structural transformation driven by technical developments digitalisation, urbanisation and globalisation. The focus of Swedish economic policy is too short-term, they write and suggest one step would be to create a structural institute that focus on the long-term perspective and develops reform proposals to improve competitiveness.
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