Modern Sweden

It became one of the main suppliers of steel, ball bearings, wood pulp and matches and grew economically into the list of developed countries, so much so that very oft en the 20th century is described as the “Swedish economic miracle”. Post-war prosperity provided the foundations for social welfare policies characteristic of modern Sweden. Swedish foreign policies in 1930s were more concerned with Soviet and German expansions, which gave rise to futile efforts at Nordic defence cooperation. Sweden remained neutral during World War II and it is still a non-aligned country. It became a member of the EU in 1995. The upcoming general elections will decide the fate of current Prime Minister Göran Persson of Social Democratic Party, who is leading the country since 1996.

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Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006