The Swedish model for economic recovery

In an Opinion piece C. Fred Bergsten, Peterson Institute, suggests that President Obama "highlight [the Nordic countries] successful reform to his G-20 counterparts in St. Petersburg". Referring to a study by the Research Institute of Industrial Economics, IFN, Bergsten states that following the crisis in 1991 “to its enormous credit, Sweden reversed course with consummate skill and political courage; it has become a paragon of sensible economic and social policy”.