Economic recovery and labour market problems in Sweden: II

Abstract

In 1935, the world's wealthiest countries were experiencing the worst of the economic crisis, victims of deflation and mass unemployment. Yet in Sweden, the recession had been less serious, and the recovery faster. Why? This question aroused considerable interest at the time. In the article reproduced here, Bertil Ohlin, who had written reports on the global crisis and on unemployment in Sweden - and later received the Nobel Prize for economics ... [more] In 1935, the world's wealthiest countries were experiencing the worst of the economic crisis, victims of deflation and mass unemployment. Yet in Sweden, the recession had been less serious, and the recovery faster. Why? This question aroused considerable interest at the time. In the article reproduced here, Bertil Ohlin, who Special Supplement The International Labour Review and the ILO Milestones in a shared history had written reports on the global crisis and on unemployment in Sweden - and later received the Nobel Prize for economics Copyright © International Labour Organization 2012.