Sweden
Andrew Collier, Adam King, Jasmine Stewart, Ashton Childs, Javier Perez, Lehman Smith
Agenda
•
•
•
•
•
•
•
•
•
Economic environment and history
Labor Policy
Trade Policy
Government and Political System
Banking and Financial Institutions
Technological Innovations
Recent Economic Fluctuations
Closing Remarks
Q&A
2
Sweden’s Economic
History & Current
Environment
Swedish
Labor Policy
Overview of labor laws and labor unions in Sweden
Labor Legislation
• Annual Leave Act (1977)
• Employment Protection Act (Adopted
in 1982, revised in 2022)
• The Working Hours Act (1982)
• The Sick Pay Act (1991)
Self Regulation
• Trade Unions
• Collective Bargaining
• Board Representation
• Minimum Wage
5
Swedish Trade Policy
Overview of Swedish Trade Policy
International Trade
• EU Membership
• WTO Membership
• Diplomatic Relations
Trade Policy & Global Economic Standing
• Role of Foreign Trade
• Shift in Export Goods
• Favorable Investment Destination
7
Government & Political System
Swedish Political System
https://slideplayer.com/slide/7099155/ 9
Financial
Institutions
Riksbank and Swedish Monetary Policy
•
Created in 1668
o Oldest Central Bank in the world
o Fourth oldest bank in continuous existence
•
Has a similar goal to the United States Federal
Reserve – Maintain a 2% inflation rate
o Unlike the Federal reserve, they only have a "guidance"
for maintaining a good production rate
o Their tool, like the Federal Reserve, is the Federal Funds
Rate
•
•
•
In the 1990s, split from a fixed exchange to floating
exchange rate
Has a close relationship with the Bank of Canada
Unlike the US Federal Reserve, they are 100%
owned by the Riksdag, and their 8 board members
are all appointed by the government
11
Ministry of Finance and the Banking System
•
The Ministry of Finance is a large part of
the Cabinet, with three ministers
o Main roles are taxation, budget,
and market supervision
• The government oversees the Banking,
Insurance, and Securities trading via
the Finansinspektionen
• The government defines 4 different types
of banking, but since 1969 all banks with
a charter are allowed to act in all areas
• Many banks provide both Krona
denominated and Euro-denominated
accounts
12
Technological
Innovations
Human Capital: Sweden vs. United States
14
Closing Remarks
Future Outlook
•
•
•
•
Current Recession
Economic Contraction
Decline in Private Investment
High Inflation
16
Q&A
Team Havin’ Fun