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Economics

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Olof Has Sweden's Bosses Wringing Their Hands

Article Abstract:

The Swedish Parliament will soon vote on a bill which would mandate a portion of corporate profits being distributed to trade union funds in order to purchase equity in Swedish industry. There is intense opposition from business leaders, and polls reveal that only one in five Swedes supports the bill. The proposed tax which would finance the funds would be levied only on domestic profits, which greatly reduces its impact. Swedish investment abroad is booming. Increased foreign investment plans by the following companies are described: Alfa-Laval, ASEA, Ericsson and Electrolux. The climate of consensus in which businesses, government and unions worked jointly to settle disputes and resolve problems no longer exists in Sweden. Tax revenue in Sweden is comparatively high, while the stock market is soaring. Swedish business leaders acknowledge that change is needed, but contend that union ownership in business will reduce flexibility to accomodate changes.

Laws, regulations and rules, Sweden, National government, Industrial development, Industrialization, Federal government

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After the Deluge, France Is Still Stuck in the Mud

Article Abstract:

Economic indicators in France are reviewed. French President Mitterrand is disappointed in the results of his austerity measures. The inflation rate was down only to 9.3 percent in 1983. March 1984 figures show unemployment has risen slightly. The French managed to cut their trade deficit in 1983. Trade union troubles may be forthcoming.

France, Statistics, Inflation (Finance), Economic indicators, Inflation (Economics)

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