André Grjebine, Eloi Laurent
The "Swedish method" refers to the Swedes' collective capacity to adapt to the successive economic and social challenges they face in today's world. The present study attempts to raise and shed light on two issues: the inner workings of the "Swedish method"; its sustainability in the current phase of globalization. More specifically, we try to determine whether confidence and social cohesion, at the heart of Sweden's success, may be affected by the changes in public policy induced by a strategy of openness and adaptation that Sweden has considerably encouraged in recent years. We begin by surveying the literature on the relationship between confidence, social cohesion and economic performance to measure the respective importance of the factors of social cohesion. We then show how these components have been crystallized into institutions according to three socioeconomic rationales, the social democratic rationale at the heart of the Swedish system differing from the rationale of social segmentation. The study then takes a fresh look at Sweden's economic and social performance today and describes in detail the contemporary Swedish growth strategy, typical of a "small" country. We then describe the evolution of macroeconomic, fiscal, immigration and education policies and point out a weakening of collective protection schemes and the alteration of certain crucial public policies, an evolution that in the long run could call into question the Swedish governance strategy by eroding social cohesion.