Business: How the Scandinavians Do It

To much of the world, Scandinavia, rather than the U.S., represents the ideal of an economic Utopia. Sweden has the world's second highest per capita income; Denmark, Norway and Finland also rank high. All four are free of slums, hunger and extreme poverty. All enjoy steady economic growth combined with full employment. By contrast, the U.S. is beset by labor unrest, rising unemployment and slow growth. How do the Scandinavians do so much better?

To find out, TIME London Correspondent Lansing Lament toured Scandinavia for two weeks, talking with government, industry and labor leaders....

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