1. The Swedish Model of Economy Development
... 1985). The policy theory orientation emphasized in having a passive nature of saving, where underutilization of resources and elastic supply of money would give people an investment opportunity. The policy debate held in the 1930s paid less concern about the risks that inflation was likely to bring. However, there was an apprehension caused by impulses of the international price. The last ... treated. The Stockholm economists believed that the policy model should refer to small but open economy. Therefore, the autonomy problem became a major and dominant issue in the policy debate. In S...
- Word Count: 1862
- Approx Pages: 7
- Grade Level: Undergraduate