CODETERMINATION & WORKER PARTICIPATION: Industrial democracy in Sweden 4

Abstract

In July 1973, when the international monetary situation was displaying its usual chaotic movement, the Swedes were informed in their daily newspapers they were the richest people on earth in terms of per capita incomes. The news came from a responsible American survey. True or false, Sweden has a sound trade surplus, great foreign exchange reserves and steady economic growth. Consumption volume is expected to grow at 4.4 per cent per year between 1973–77. 500 000 Swedes out of eight million have a summer home in addition to a house or flat in town. All workers have at least four weeks' statutory holiday a year and around 18 days for what we call Bank Holidays. 70 years ago Sweden was a peasant economy. Why and how has this remarkable transition taken place?

Citation

GORE, T. (1973), "CODETERMINATION & WORKER PARTICIPATION: Industrial democracy in Sweden 4", Industrial and Commercial Training, Vol. 5 No. 12, pp. 573-577. https://doi.org/10.1108/eb003360