Saturday, June 12, 2010

Swedish family values

http://www.nytimes.com/2010/06/10/world/europe/10iht-sweden.html?ref=general&src=me&pagewanted=all

In Sweden, the revolution from pay to family friendly environment is taking place big time. The parental leave reserved for fathers, free education etc are making the society gender neutral . The cost of this is higher meddling of government in family affairs, higher taxes. but even after these, Sweden has maintained fiscal prudence with low debt to GDP values and productivity keep on rising. Sweden is a prime example of how even large government interference in economy and large taxes has not hampered productivity growth. The point is whether this model is dependent on Swedish culture and hence can't be exported to other countries. and whether this is scalable enough for a larger country like ours!!

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