ABSTRACT

Sweden maintains a market economy and government ownership in industry has traditionally been small. The 1950s and 1960s were characterized by a significant structural transformation in the Swedish economy, with labor migrating from agriculture and forestry to industry and the service sector. The positive overall economic development was, however, accompanied by a large decline in population in the northern parts of the country. The main objective of the government's economic policy is to facilitate a better utilization of Sweden's productive resources. During the rapid economic expansion and structural transformation of Swedish industry in the 1960s the primary goal was to encourage and facilitate geographical and occupational mobility. Swedish unemployment rates have traditionally been low relative to other industrialized nations. Sweden is probably unique among advanced industrial states in its intense and continuing interest in economic conversion and disarmament. It has been able to maintain a position of neutrality.