Sweden handled the latest financial crisis better than most nations. Its growth rate is among the OECD's highest, the budget deficit should become a surplus in 2011, and unemployment is declining to 5%. What does the Swedish example show us, and what lies ahead? Sweden combined fiscal prudence with labor activism. The economy would have fared even better had labor and innovation policies meshed.
Politicians have started to discuss innovation as a job creator. This is logical. Innovation is the main driver of economic growth. But are countries organized to do anything about it? We think not.
To read the full, original article click on this link: David Nordfors: The "Innovation for Jobs" Chasm
Author: David Nordfors
