answersLogoWhite

0

There are basically two reasons for why Sweden is wealthy. First, during the latter half of the 19th century beginning around 1860s-1870s, Sweden saw industrialization and deregulations coming as a relief in the economy. Now and up until the turn of century many Swedish inventors and entrepreneurs successfully started firms and companies that exist still today. Sweden was in a latter "wave" of the industrialization, meaning they could look at industrialized countries and learn from their mistakes, which made the progress much faster. Jumping ahead in time, after WWII most of Europe lay in ruin, and so was the majority of the European economies. Sweden, which was officially neutral during the first and second world war, could now with a perfectly viable industry produce many goods that were needed throughout Europe as many countries needed repair. This production from Swedish companies to help the European economies stand on their legs lasted until the 1960s-1970s. So it was industrialization and deregulation in the latter half of 19th century and the distribution of goods and commodities to the European countries after WWII...

User Avatar

Wiki User

16y ago

What else can I help you with?