Country Report Sweden Essay example

Submitted By Michellmybell
Words: 3946
Pages: 16

Term Project- Country Report
Tuesday 6pm

Table of Contents Introduction 3 Political Risk 4 Living standards and income distribution 6 Orderliness of leadership succession 8 Cultural and demographic characteristics of the population 8 Integration within the international economic system 11 Security Risk 12 Economic Risk 13 Structure of the current account 13 Resource endowment, level of development and economic diversification 14 Size and composition of savings and investment 15 Rate pattern of economic growth 18 Effectiveness of fiscal monetary policies 18 Structural economic reforms 19 Infrastructure development 19 Availability of literate workforce 22 Availability of credible and strong financial institutions to support banking and investment activities in the country 22 Long-term economic projections 22 Recommendations 22 Conclusion 24 Work Cited 25

Sweden, or as it if officially called, the Kingdom of Sweden is located in northern Europe, the eastern part of the Scandinavian Peninsula. This country borders coasts that include, the Baltic Sea, Gulf of Bothnia, Kattegat, Skagerrak.. Sweden is the largest country in the European Union by Area. Emerging as an independent country back in the Middle Ages, Sweden has a long rich history which includes monarchies, Vikings, and even a plague known as the Black Death which killed about 100,00 people in Sweden. What brought Sweden to power was a great revolution that struck in the 1700’s in which, Sweden went from being a very poor and scarcely populated country on the brink of a downfall to one of the strongest powers in Europe. After that Sweden participated in a handful of other wars against countries like Russia and Poland.
The official language of Sweden is Swedish, which is spoken by the majority of the population. Swedish is a North Germanic language and has similarities to Scandinavian, Danish and Norwegian. Some dialects of Swedish include Westrobothnian, Dalecarlian, Modern Gutnish and a few more. Most of the dialects are focused to certain parts of Sweden and in most cases are so focused to their community, individuals form other part of Sweden have a very hard time understanding their dialects. The other main languages spoken in Sweden are English, Arabic, Persian and Baltic languages. Sweden is a part of the European Union, however, they have not adopted the Euro currency and continues to operate with the Swedish Krona (SEK) In recent years, Sweden, has suffered from an economic crisis, and an international recession that has been in place since the early 90’s. While a struggling economy isn’t the best place to introduce a new product to the market, the information in this paper explains the potential direct investment opportunities in the Swedish market.
Political Risk
Form of Government: Sweden’s political structure is similar to the United States. It has the following: executive branch, legislative branch, and judicial branch. In the executive branch the Chief of State is King Carl XVII Gustaf since September 19, 1973 (Worldfactbook). The head of government in Sweden is referred as the Prime Minister Fredrik Reinfedlt since October 5, 2006. In order for fundamental rights to be amended, the Riksdag (the Swedish Parliament) must pass the amendment on two separate occasions, separated by a parliamentary election. General elections are held every four years, with the next one due in September of next year. Around 7 million people are entitled to vote influenced by a political party that will represent them in the Riksdag.
Political parties also leaders consist of: Center Party or C (Annie Loof); Christian Democrats (Goran Hagglund): Green Party; Left Party (formerly Communist Party); Liberal People’s Party; Moderate Party; Social Democratic Party (Stefan Lofven); and Sweden Democrats (Worldfactbook).
In Sweden the Riksdag appoints a Prime Minister and the Prime Minister