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History Of Sweden (1991–present)
:''This article describes the history of Sweden from 1991 until present day.'' After a period of rapid growth and unprecedented prosperity during the late 1980s, by 1990 the Swedish economy overheated, and after a controversial bill freezing salaries and banning strikes failed in the Riksdag, the social democratic government led by Prime Minister Ingvar Carlsson resigned in February 1990. At this time the respected Finance Minister Kjell-Olof Feldt left the government in protest over what he saw as irresponsible economic policies. Carlsson soon formed a new government, but by the time of the general election in September 1991 the economy was in free fall, and with rapidly rising unemployment, the social democrats received the smallest share of votes in sixty years (37.7%), resulting in the loss of office to the opposition, a centre-right coalition led by Carl Bildt. Around the same time a convicted murderer and bank robber known as Lasermannen ("the Laser Man") shot eleven and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Sweden
The history of Sweden can be traced back to the melting of the Northern Polar Ice Caps. From as early as 12000 BC, humans have inhabited this area. Throughout the Stone Age, between 8000 BC and 6000 BC, early inhabitants used stone-crafting methods to make tools and weapons for hunting, gathering and fishing as means of survival. Written sources about Sweden before AD 1000 are rare and short, usually written by outsiders. It was not until the 14th century that longer historical texts were produced in Sweden. It is therefore usually accepted that Swedish recorded history, in contrast with pre-history, starts around the 11th century, when sources are common enough that they can be contrasted with each other. The modern Swedish state was formed over a long period of unification and consolidation. Historians have set different standards for when it can be considered complete, resulting in dates from the 6th to 16th centuries. Some common laws were present fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sweden Democrats
The Sweden Democrats ( sv , Sverigedemokraterna ; SD ) is a nationalist and right-wing populist political party in Sweden. As of 2022, it is the largest member of Sweden's right-wing governing bloc to which it provides confidence and supply, and is the second largest party in the Riksdag. The party describes itself as social conservative with a nationalist foundation. The party has also been variously characterised by academics, political commentators, and media as national-conservative, anti-immigration, anti-Islam, Eurosceptic, and far-right. The Sweden Democrats reject the far-right label, saying that it no longer represents the party's political beliefs. Founded in 1988, the Sweden Democrats originally had its roots in Swedish nazism, as well as white nationalism, but began distancing itself from its past during the late 1990s and early 2000s. Under the leadership of Jimmie Åkesson since 2005, the SD underwent a process of reform by expelling hardline members and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish Krona
The krona (; plural: ''kronor''; sign: kr; code: SEK) is the official currency of the Kingdom of Sweden. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. In English, the currency is sometimes referred to as the Swedish crown, as means " crown" in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016. One krona is subdivided into 100 '' öre'' (singular; plural ''öre'' or ''ören'', where the former is always used after a cardinal number, hence "50 öre", but otherwise the latter is often preferred in contemporary speech). However, all öre coins were discontinued from 30 September 2010. Goods can still be priced in ''öre'', but all sums are rounded to the nearest krona when paying with cash. The word ''öre'' is ultimately derived from the Latin word for gold (''aurum''). History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riksbank
Sveriges Riksbank, or simply the ''Riksbank'', is the central bank of Sweden. It is the world's oldest central bank and the fourth oldest bank in operation. Etymology The first part of the word ''riksbank'', ''riks'', stems from the Swedish word ''rike'', which means ''realm'', ''kingdom'', ''empire'' or ''nation'' in English. A literal English translation of the bank's name could thus be ''Sweden's Realm's Bank''. The bank, however, doesn't translate its name to English but uses its Swedish name ''the Riksbank'' also in its English communications. History The Riksbank began operations in 1668. Previously, Sweden was served by the Stockholms Banco (also known as the Bank of Palmstruch), founded by Johan Palmstruch in 1656. Although the bank was private, it was the king who chose its management: in a letter to Palmstruch, he gave permission to its operations according to stated regulations. But Stockholms Banco collapsed as a result of the issuing of too many notes without th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for or that will be exchanged for ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can also have a strong or weak currency. There is no agreement in the ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Wednesday
Black Wednesday (or the 1992 Sterling crisis) occurred on 16 September 1992 when the UK Government was forced to withdraw sterling from the European Exchange Rate Mechanism (ERM), after a failed attempt to keep its exchange rate above the lower limit required for the ERM participation. At that time, the United Kingdom held the Presidency of the Council of the European Union. The crisis damaged the credibility of the second Major ministry in handling of economic matters. The ruling Conservative Party suffered a landslide defeat five years later at the 1997 United Kingdom general election and did not return to power until 2010. The rebounding of the UK economy in the years after Black Wednesday has been attributed to the fall in the value of sterling and the replacement of the ERM with an inflation targeting monetary stability policy. Prelude When the ERM was set up in 1979, the United Kingdom declined to join. This was a controversial decision, as the Chancellor of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployment
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). Unemployment can have many sources, such as the following: * new technologies and inventions * the status of the economy, which can be influenced by a recession * competition caused by globalization and international trade * policies of the government * regulation and market Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can influence the availability and cost for money through ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer
A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. The term most commonly refers to a person who purchases goods and services for personal use. Consumer rights “Consumers, by definition, include us all," said President John F. Kennedy, offering his definition to the United States Congress on March 15, 1962. This speech became the basis for the creation of World Consumer Rights Day, now celebrated on March 15. In his speech : John Fitzgerald Kennedy outlined the integral responsibility to consumers from their respective governments to help exercise consumers' rights, including: *The right to safety: To be protected against the marketing of goods that are hazardous to health or life. *The right to be informed: To be protected against fraudulent, deceitful, or grossly misleading informat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a ''sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Crisis
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nordic Model
The Nordic model comprises the economic and social policies as well as typical cultural practices common to the Nordic countries (Denmark ) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of Denmark , establishe ..., Finland, Iceland, Norway, and Sweden). This includes a comprehensive welfare state and multi-level collective bargaining based on the economic foundations of social corporatism, and a commitment to private ownership within a market-based mixed economy — with Norway being a partial exception due to a large number of state-owned enterprises and state ownership in publicly listed firms. Although there are significant differences among the Nordic countries, they all have some common traits. The three Scandinavian countries are constitutional monarchies, while Finland and Iceland have b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ny Demokrati
New Democracy ( sv, Ny Demokrati, NyD) was a political party in Sweden. It was founded in 1991 and elected into the Riksdag in the 1991 Swedish general election. It lost all its seats in the Riksdag in the subsequent election in 1994, and its subsequent decline culminated in bankruptcy in February 2000, at which time it retained only one city council post. Local factions of New Democracy reformed into minor parties such as Sjöbopartiet, which faced mixed success. New Democracy campaigned on an agenda of reform and restricted immigration, initially on economic rather than cultural grounds. Its economic policy, stressing the importance of entrepreneurship and deregulation, was generally perceived as right-wing. The party favored Swedish application for European Union membership, which was attained in 1995. It also called for wide-scale political reform, including cutting government departments, reducing the Riksdag to 151 members and electing Prime Minister by direct ballot. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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