How are Scandinavian countries so prosperous despite not engaging in external colonialism ?
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Sweden (we) avoided two world wars which benefited us greatly economically in comparison to the rest of Europe.
In addition, we come from a country whose climate required both a lot of planning and innovation to manage life. Its cold and dark for many parts of the year and growing food is more challenging than many other places in the world.
You see the fruit of this culture in the amount of well known companies that originates from such a small country and also, I would argue, the vast amount of musicians.
IKEA, H&M, Spotify…
However, today we have a massive private debt and our growth and unemployment rates are not looking good either
Our welfare system also has its fair amount of challenges with an imbalance in demand and supply.
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