Similarities Between Sweden And Canada

Sweden and Canada are both developed nation that is on the cusp abandoning industrial economy for an information and technology-based economy. Both nations are filled with tons university grads with a lot of technical skills. Both nations are the home of corporate tech giants; Sweden has the music streaming app Spotify and Canada the investing app Wealth Simple. Sweden and Canada both operate with the same government system, a parliamentary democracy. Inspired by Imperialism, a parliamentary democracy has representatives that go to parliamentary in order to advocate for legislation that your constituents desire. All parliamentary democracy has the monarchy as the highest ranked figure, but it is an unwritten convention that prime minister is actual highest ranked individual because of convince for the monarch is not elected by the people. The monarch also does not have the constitutional right to enter the legislature (e.g. The House of Commons) because they would affect
Sweden has been a member of the European Union since 1995, but the public rejected the introduction of the euro in a 2003 referendum. The 2003 referendum resulted in the official currency of Sweden being the Swedish Krona .Sweden is known for being one of the EU’s most stable economies, with low inflation and a healthy banking system. This hasn't always been the case; in the 1990 Sweden was hit by a financial crisis. In order to stop this crisis, the Swedish government introduces a government expenditure ceiling back in 1996. Additionally, in 2007 the Swedish Fiscal Policy Council was established. This committee of experts audits the government’s policy decisions regarding public finances. Unlike most countries, during a recession, Sweden didn't cut public spending in the health, education and research sectors but rather they did the opposite. This helped Sweden growing into the model nation that it is