Government Intervention, Real Gdp, And National Debt From...

Sweden: The Ultimate â€Å"Elsewhere† John Malkovich once, jokingly, stated that â€Å"utopia means elsewhere†. Sandwiched in between Norway and Finland is that idealized â€Å"elsewhere†, Sweden, with a strong government and thriving economy. It is not only solidly constructed but stunning to look at, with beautiful plant life and architecture to match. Sweden is sparsely populated with roughly 9.6 million people living comparatively good lives (with low crime rates, 18 month long parental leaves, and a high standard of living). It is famous for its neutral foreign policy and high taxes. In short, Sweden is the ideal†¦ if not to live in then definitely to visit at least once. In this paper I will analyze Sweden, examining factors of supply and demand, government intervention, real GDP, and national debt from an economic perspective. The first factor that I will evaluate is how the Swedish power market has seen a rightward shift in its supply curve over the last forty years. The Oil Crisis of the 1970s - sparked extensive research into alternative energy sources that would result in a 53.5 percent decrease in oil dependency between 1970 and 2012 (Energy Use in Sweden). This transition from a finite resource to its renewable counterpart opened the market for competition in Sweden and, combined with the inelastic demand for power in a modern nation, increased the quantity available to consumers and decreased the price. As of right now, â€Å"green† energy cannot be exported very far because it isShow MoreRelatedGlobalization and Human Welfare1656 Words   |  7 Pagesevolved right from Adam Smith and David Ricardo who introduced the concept of comparative advantage which compares the productiveness across countries. Here countries make use of their natural resources, climate, skills etc. According to Paul Krugman trade reflects arbitrary or temporary advantages resulting from economies of scale or shifting leads in close technolo gical races. Thus comparative advantage can be created through technological innovations. Globalization is propelled by economics but shapedRead MoreImpact Of The Neoliberal Era And The Structure Of The Modern Financial System3397 Words   |  14 PagesLatin America, 1997 East Asia and 2008 subprime financial crisis had a profound impact on the regional and world real economy. two sentences about how big of an impact each of them had on the real economy. These crisis have also triggered off a very fierce debate about the impact of the neoliberal era and the structure of the modern financial system. 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A number of scholars have attempted to investig ate this issue and arguments can be divided into three categories. Proponents of state intervention indicate that the state plays an indispensable role in directing economic development and utilising the resources of the country