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Unformatted text preview: because of his policies) This hit Sweden especially hard, but Sweden recovered and is now an economic success. In recent years, government has de-regulated businesses to become more competitive. Sweden knows they cant compete with China and other cheap labor countries, but they specialize in market niches of higher quality products. NOT EVERYBODY competes with low quality/low price/cheap labor. Sweden has high quality/higher priced/highly-skilled labor force. Why make a big shift economically if you are doing well? Sweden has a welfare state AND economic success even though conservatives say having a welfare state is not viable. Sweden has been pressured to go towards economic integration, which has caused them to join the European Union; they had an incentive to join (Sweden is an export-oriented country), but the EU makes decisions for Sweden. Margaret Thatcher did not like the European Union....
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- Spring '07