2004 OECD Economic Surveys: Sweden 2004

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This 2004 edition of OECD's periodic review of Sweden's economy includes special features on living standards and the welfare state; competition and economic performance, harnessing resources more effectively, public finances, and sustainable development.

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Harnessing Resources More Effectively

Raising living standards depends on harnessing resources effectively and productively (see Chapter 1). This means not only that at any point in time inputs are allocated to their optimal uses, but also that through time, innovation and technical progress allow resources to be combined together to produce more output and ultimately a higher rate of growth. Furthermore, to realise the benefits of product market competition, resources need to be able to flow rapidly and smoothly from one use to another...

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