And history shows that the recent economic revival comes only after years of underperformance and currency weaknesses. There are also certain technology blind patches which need fixing. Incredibly, for a country with a reputation for IT knowhow, the incumbent telephone company, Telia, became the first to lose out in the quest for third generation telephone licences, due to technical deficiencies, according to the Swedish regulator. With the system now established in 10 of its major markets, from Brazil to South Korea to the US, volumes are expected to increase massively. The Sandvik unit is already planning to test a system which allows a customer to design personalised tools on the worldwide web.
Swedes continue to enjoy the rewards of their prosperity, with upbeat tourist figures.
People who are anxious to see the land which brought the world the ABBA super group, the zip, Greta Garbo and progressive cities with a village atmosphere, will not be disappointed. All rights reserved.