Like Denmark’s similar ‘bumblebee’ model (high taxes, large public sector, extensive welfare state), Sweden continues to defy the warnings of many economists, warnings which have been sounding in one form or other since the Second World War. Sweden is, if not booming, then at least doing very well for itself. As I have already mentioned, it is fourth on the World Economic Forum’s latest Global Competitiveness Report, and tenth on the UN’s Human Development Index, ahead of Denmark and Finland.
