Sweden's Economy Embraces Globalization

Leif Pagrotsky, a politician in Sweden, explains how his country maintains its welfare state and strong economy, despite the pressures of globalization.
As a small country, Sweden has been forced to keep its borders open and engage in extensive world trade, according to Mr. Pagrotsky, who is interviewed on the website, Big Think (video available above). In his view, by implementing Keynesian economic programs, the government has successfully supported strong employment, rising real wages and growing services.
"We're members of the European Union and we use our membership to promote ope....