Sweden has an outlook which leans mostly on the exports and it has a well modernized system of distribution, highly developed communications systems both externally and internally and a highly skilled workforce. It economy is based on iron ore, hydro-power and timber. The country has a highly intensified international trade outlook. Its economy is boosted by a higher standard of engineering which ensures that the country is a leading force in technological innovations in various fronts. These include telecommunications, pharmaceuticals and automotive industry. The economy is also helped by a well developed agricultural industry and this accounts for two percent of the gross domestic product and also the employment of the country. In this respect Sweden is ranked eighth richest country in the world. The country have taken the policies of non-aligned and neutrality for over a century has ensured that it has one of the most enviable economy of the world. This means that the country is one of the richest countries in the world being ranked the eight richest country in the world. This has been ensured by a continued political stability for a period of time and the country being endowed with an enviable resource base. The government has played a very important role in ensuring that the economy of the country has been growing from strength to strength (Torsten , 129).
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