Ask most blokes what
they know about Sweden and you usually get one of two things: an
animated description of a curvy blond that looks like someone trying
to shape an enormous hour-glass on a potter's wheel, or an impression of the
chef from the Muppet Show,
that sounds like someone with their head in a bucket. What they don't often say is that Sweden is one of
the wealthiest countries in the world and despite such a harsh
climate, it is not suffering quite like the rest of us .
In many ways Sweden
is similar to the UK: a large percentage of its workforce is employed
in the public sector, it has high taxation, and despite being in the
EU, it has remained outside the Euro. But that's were the similarity
ends because Sweden has a large GDP, it exports more than it imports
(a situation long forgotten in the UK economy) and it has many
international manufacturing companies (including Volvo and
Saab/Scania). Sweden can suffer from some pretty harsh temperatures
in winter (down to -40o C in some areas) but just like the
country doesn't seem to be effected too severely by the global
economic climate, it doesn't appear to suffer from the weather
either; in fact it seems to benefit from it.
Every time I read
about the exploits of transcontinental and Middle Eastern drivers,
watch Destination Doha on DVD or look at the resale value of
some trucks, I'm reminded of why we see so many Scanias and Volvos on
the road – and no Leylands. If Scania and Volvo trucks can operate
in temperatures so extreme at one end of the spectrum, they can
presumably survive the other; If they can endure those rock hard winter logging roads, the desert must be a doddle. It's no wonder
they do so well on ordinary work, and have such a following. Sweden
does have natural resources that help with the balance of payments
but it's quality products like these, and a tough attitude towards a diverse economy
that has really created success.
Sweden is not
dissimilar to the UK in that it has produced the machinery needed to
build a developed world; the difference is that we no longer do.
Where we have totally succumbed to the philosophy, 'let the market
decide' and allowed so much of our major industry to go to foreign
ownership - and in too many cases seen it closed by the new owner -
Sweden has retained control of its factories. And although it's true that
a number of Swedish companies operate overseas manufacturing sites,
where labour is cheaper, home ownership still means that decisions
are presumably made in Sweden's best interest and not that of an
overseas economy.
Sweden's banking
system went through the mill in the 1990s and emerged stronger,
hopefully ours will too. Like Sweden, we have brilliant scientists,
engineers and innovators, and we can make quality products. All we
need is a government that can think beyond the service industry,
encouraging a diversity of economy that will not just protect jobs
but create them, lead to exports and exploit the demand for machines
and technologies in the gowing economies of India and China. They
stood up and kept us out of the Euro in the interest of our financial
sector; now winter's come it's time to come out fighting for a change
in the whole climate.