Sweden's Persson: Employment in a globalised world

In a speech on 11 April, Sveriges Riksbank deputy governor Kristina Persson said as a small open economy that produces high value added goods and services, Sweden should be well capable of meeting restructuring pressures in the future.

"Structural change is an ongoing process and Sweden has been adapting to changes in competitive conditions for a long time. Concrete examples include the relocation abroad of the textile industry in the 1960s and of the shipbuilding industry in the 1970s

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