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Economic and Monetary Policy

In: Business and Management

Submitted By patriot12
Words 2017
Pages 9
Economic and Monetary Policy
Brenda Roper
Dr. Jones Olajide
Auditing and Business Concepts
February 21, 2016

Economic and Monetary Policy: Sweden and the USA The monetary and economic policies of a country influence its economic growth through internal and external investment. Reforms in these policies have been the norm of many countries globally with the aim of attracting investors in the highly globalized international community (Alexander & Thomas, 2013). As transport and technology continues to increase opportunities to trade with multiple countries, it is becoming necessary for countries to attract as many external investors as possible to bring new advantages that can boost the economy. This paper will attempt to review the economic and monetary policies of the United States and Sweden. These countries were among the best ten economies in the world in 2013 and continue to strive to retain the top positions among the world economies.
Question One Sweden has over the recent years emerged as the model economy in the world through its commitment to reforms that increase its efficiency in economic development. Although the country fell from the third position in 2011 to position six in 2013 in terms of competitiveness index (Scott, 2015), it has continued to retain its position in technological readiness. Compared to other nations in terms of incorporation of existing technologies in all forms of economic activities, Swedish companies are far ahead of others in absorbing new technologies to enhance service delivery and generation of profits. The country is leading in terms of mobile subscriptions as well as internet usage (Scott, 2015). Moreover, patent applications were highest in Sweden at about 303 residents in every one million individuals. Investment in good production and manufacturing has been steady alongside investment in service…...

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