Author: Journeyman Pictures
7614View
27m 42sLenght
54Rating

Prosperity Despite Austerity (2011): What is the secret to Sweden's economic success? For similar stories, see: Swedish Babies are Getting a Head Start on Education https://www.youtube.com/watch?v=0Wd3FxZDY8Y The Swedish Pirate Party is Fighting Against Copyright Laws https://www.youtube.com/watch?v=MALwsnfol00 How Iceland Became A Symbol Of The 2008 Financial Crisis https://www.youtube.com/watch?v=5PVstvW-Lws Subscribe to journeyman for daily uploads: http://www.youtube.com/journeymanpictures For downloads and more information visit: https://www.journeyman.tv/film/5319/prosperity-despite-austerity Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanVOD https://twitter.com/JourneymanNews Follow us on Instagram: https://instagram.com/journeymanpictures Whilst most European economies are crumbling under the debt crisis, one country is bucking the trend, proving that austerity measures can simultaneously inspire growth and make a nation proud. After years running an all inclusive welfare state, Sweden was, by the early '90s, in a deep crisis. The government pulled on the emergency brake and the social sector was reformed massively. Yet, "in comparison to many other countries, the Swedes have a great confidence in the state". Drastic austerity measures were coupled with good tax incentives and an open budget. "We have a very long tradition of making information available to the public; this principle has had a big impact." ORF – Ref. 5319 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.