IDNLearn.com offers a unique blend of expert answers and community-driven insights. Our platform provides trustworthy answers to help you make informed decisions quickly and easily.
Sweden remains a social welfare society, and government spending still accounts for half of its economy; it finances all education and health care, as is common throughout Europe. Sweden did not dismantle the social system but, in addition to drastically reducing its costs, adopted macroeconomic and structural reforms to make it sustainable and greatly enhanced its efficiency by privatizing the delivery of many educational and medical services. The country’s guiding principle is that a successful social welfare society must be fiscally conservative and administratively efficient. This is the central Swedish lesson for the crisis countries of the euro zone and elsewhere. —"Obama should take lessons from Sweden to G-20", Washington Post, August 29, 2013 http://www.washingtonpost.com (accessed July 24, 2014) Based on the information in the excerpt, what economic policy distinguishes Sweden’s free market economy from that of the United States?
We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Discover the answers you need at IDNLearn.com. Thank you for visiting, and we hope to see you again for more solutions.