Arts, 02.09.2021 23:50 dan20012001
Sweden remains a social welfare society, and government spending still accounts for half of its economy; it finances all education and health care, as is common throughout Europe. Sweden did not dismantle the social system but, in addition to drastically reducing its costs, adopted macroeconomic and structural reforms to make it sustainable and greatly enhanced its efficiency by privatizing the delivery of many educational and medical services. The country’s guiding principle is that a successful social welfare society must be fiscally conservative and administratively efficient. This is the central Swedish lesson for the crisis countries of the euro zone and elsewhere. —"Obama should take lessons from Sweden to G-20", Washington Post, August 29, 2013 http://www. washingtonpost. com (accessed July 24, 2014) Based on the information in the excerpt, what economic policy distinguishes Sweden’s free market economy from that of the United States?
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