Sweden's Persson on globalisation

In a speech on 'Globalisation, structural changes and monetary policy' given on 14 April, Kristina Persson of the Sveriges Riksbank said experiences show that it is generally the countries that have accepted globalisation and been quick to adapt both production and policy that benefit most from this process.

"Globalisation has not merely liberated production capacity; it also limits the national state's influence over the terms for production and employment. There are two possibilities available

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