Careers, Jobs and Education Resources for: Sweden


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A military power during the 17th century, Sweden has not participated in any war in almost two centuries. An armed neutrality was preserved in both World Wars. Sweden's long-successful economic formula of a capitalist system interlarded with substantial welfare elements was challenged in the 1990s by high unemployment and in 2000-02 by the global economic downturn, but fiscal discipline over the past several years has allowed the country to weather economic vagaries. Sweden joined the EU in 1995, but the public rejected the introduction of the euro in a 2003 referendum. (from the CIA)
 
 

 

Economic Overview

Aided by peace and neutrality for the whole of the 20th century, sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. it has a modern distribution system, excellent internal and external communications, and a skilled labor force. timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. privately owned firms account for about 90% of industrial output, of which the engineering sector accounts for 50% of output and exports. agriculture accounts for only 1% of gdp and 2% of employment. sweden is in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. this and robust finances have offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. the govenment plans to sell $31 billion in state assets during the next three years to further stimulate growth and raise revenue to pay down the federal debt. in september 2003, swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty.

Environmental Issues

Acid rain damage to soils and lakes; pollution of the north sea and the baltic sea

Government Type

Constitutional monarchy

Population

9,045,389 (july 2008 est.)

Location

Northern europe, bordering the baltic sea, gulf of bothnia, kattegat, and skagerrak, between finland and norway

Area

Total: 449,964 sq km land: 410,934 sq km water: 39,030 sq km

Slightly larger than california

Country Aliases

Conventional long form: kingdom of sweden conventional short form: sweden local long form: konungariket sverige local short form: sverige

Capital

Name: stockholm geographic coordinates: 59 20 n, 18 03 e time difference: utc+1 (6 hours ahead of washington, dc during standard time) daylight saving time: +1hr, begins last sunday in march; ends last sunday in october

Military Service

19 years of age for compulsory military service; conscript service obligation: 7-15 months (navy), 8-12 months (air force); after completing initial service, soldiers have a reserve commitment until age 47 (2006)

International Disputes

None

Sources: Central Intelligence Agency (CIA)

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