How to explain the success of the Swedish model?

In public discussions on the role and size of government in the economy, certain intellectuals and politicians can often be heard praising the Swedish model of economic and social organization. Sweden is a country that has managed to maintain strong economic growth despite high levels of taxation and public spending that ranks among the world’s highest. Since the mid-1990s, Sweden’s economic growth has exceeded that of most other OECD countries, including Canada. According to official statistics, the employment rate is higher and inflation remains low. Public finances are in good shape, with net public debt among the world’s lowest.

Links of interest

Media Release: The Swedish model works because the country had the courage to liberalize its economy, says the Montreal Economic Institute