Table of contentsReport overviewInvestments the government invests inStandard of living and unemploymentUnemploymentImpact of unemployment benefitsReclassification of the workforceImpact of implemented policiesReport overviewSweden, a developed Scandinavian country located in Northern Europe, with its economy geared towards exports and equipped with a qualified workforce, the country excels both in internal and external communication. The resource base consists mainly of timber, hydroelectric power and iron ore. The country's economy depends heavily on foreign trade. Say no to plagiarism. Get Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayInvestments that the government invests inFrom the pie chart we can infer that the government mainly spends on unemployment and sectors government in 2016. 38.80% of the budget is spent on unemployment while 19.06% is spent on government affairs, followed by 9.84% on housing and community, 7.48% on Medicare and to health. Meanwhile, the government devotes 5.27% of the budget to the army. From the bar chart, government military spending increased from 2009 to 2017. Military spending increased from $4,871.7 million in 2009 consistently every year to $5,479.4 million in 2017 In 2006, Sweden's military spending amounted to SEK 39 billion, or approximately 1.5 percent of GDP. 48% were operational funds for national forces, 39% for the purchase of equipment, 4% for international missions, an additional 3% for research and development and the remaining 6% were funds reserved for unforeseen costs related to increasing material costs. As decided by the government In order to provide the army with sufficient deterrence capacity, the government plans to increase the budget allocated to the army by 22 billion dollars in 2018. Swedish military spending is expected to increase from 37 .5 billion SEK in 2015 to 53.4 billion SEK in 2019. A government investigation found that the decline in military capacity was not inevitable and that significant investments needed to be made. For example, the current Swedish Stridsfordon 9040 tanks, which will be 30 years old in 2020, will be replaced by the Leopard 2A5 main battle tanks, a radical improvement in technology over the old war machine. Thanks to this enormous expenditure, Swedish defense will benefit from greater flexibility, greater impact power, better chances of survival and greater endurance. The Swedish Army's priority is to increase its stocks to reinforce existing units and maximize equipment utilization. The first step would be to establish more and more efficient coastal missiles, as well as a strengthened naval and amphibious capacity. Sweden would focus on artillery and air defense while retaining its five submarines. These implementations would cost Sweden around SEK 56 billion. The second step is a strong emphasis on combat aircraft, strengthening sensors, radar equipment and weapons. Additionally, the air force would be spread more widely across Sweden to reduce vulnerability to attacks from within. This would cost the Swedish army around 47 billion Swedish crowns. Finally, the purchase of better submarines and artillery for the land forces, which will strengthen the navy, will cost Sweden around 47 billion Swedish crowns. A good example would be the SwMS Gotland, a modern submarine manufactured by the Swedish military. Killer submarines sank frommany other submarines, including American nuclear fast attack submarines. The SwMS Gotland has proven itself to be a deadly, effective and reliable piece of military equipment for the Swedish Army. Sweden has been working for years to secure its coasts to prevent attacks from the sea. All of these implementations will result in greater efficiency and response time in handling external threats, as well as better equipment and technologies to counter any attack. During the years 2016-2020, Swedish Defense Minister Peter Hultqvist promised in 2015 that around 1 billion additional euros would be spent on the army, an increase of around 11%, as well as on the The purchase of more combat aircraft, tanks, infantry fighting vehicles and anti-submarine warfare equipment. In addition, the Ministry of Defense also states that an additional 100 million euros will be spent on the defense infrastructure of the island of Gotland.Standard of living and unemploymentWith an increase in military spending, the government has invested in more advanced stocks, such as more advanced tanks and tanks. air defense system, which allows better security of the country. Citizens would feel more protected because they would have more confidence in the more advanced technology that the country has implemented and put in place, thereby increasing citizens' confidence in the country's well-being during times of war. This increases people's standard of living, as they feel safer in Sweden, as spending on higher quality military equipment alleviates the country's vulnerability. From the graph, we can infer that government spending has fluctuated over the years. From 2008 to 2009, government spending increased dramatically from 50.1 to 52.7, followed by a decrease from 2009 to 2011 from 52.7 to 50.3. It will then increase again in 2013 to 52, which is the second highest level of public spending in nine years. From 2014 to 2017, public spending would decrease to a historic low of 49.1. As the chart above shows, government spending saw a sharp increase between 2008 and 2009. This was after a major economic recession. To emerge from the recession, the government increased public spending in the unemployment and social security sector. This would help citizens during bad economic times and thus could help the country cope with the economic downturn. As the country began to recover from the recession, public spending would decrease and thus focus more on other sectors such as the military, which improve the standard of living in Sweden. For example, in 2018 they invested in more advanced military equipment to protect the country from foreign attacks. Since public spending is autonomous from real GDP, increasing or decreasing public spending would not directly affect real GDP. But public spending has a direct relationship with overall spending. So when government spending increases, overall spending also increases. And when aggregate spending increases, real GDP also increases. This would be an advantage, for example, in 2009 when the Swedish government injected public spending, it was to increase the real GDP of the country as a whole after the economic downturn. UnemploymentThere are two main categories of unemployment in Sweden. Seasonal unemployment and structural unemployment. Seasonal unemployment is mainly due to compulsory summer holidays in Sweden, where all citizens enjoy 4 weeks of public holidays. This results in a need for part-time jobs during thisperiod and as many as 105,000 summer jobs were announced between December 2017 and April 2018, highlighting the labor market's desperate need for temporary replacements. Many citizens' jobs are not registered by the government because they fall into the category of part-time jobs, which inflates Sweden's unemployment rate. The main cause of structural unemployment is due to the Swedish workforce's lack of resources to enable companies to find the right profiles for their jobs. There is a general shortage of skilled labor in Sweden, as the demand for some skilled labor remains high and many positions are vacant. Many companies in Sweden are looking to expand their businesses, but the majority are held back due to labor shortages in major sectors such as education, healthcare, information technology, engineers and various manual jobs such as mechanics, plumbers. and even chefs. Most of these jobs require specific skills that are lacking in the Swedish workforce. So even though there are jobs available, most unemployed people don't have the skills to do the job. This will be seen as structural unemployment rather than frictional unemployment, as many workers will need to upgrade their skills before they have the capabilities to take up employment. Unemployment benefits in Sweden fall into two main levels, the Basic Protection Fund and the Income-Based Protection Fund. Both funds are strongly supported by the government, as expected, due to high tax rates for its citizens. This fund provides very minimal support to citizens who are unemployed and actively seeking employment. This helps the citizen get through this difficult time as the fund meets basic needs such as food, shelter and other bills. However, this program does not provide enough funding for the majority of citizens and most will have to resort to part-time jobs while actively seeking full-time employment. The majority of the Swedish working population falls into this category where it provides them with approximately 80% of their previous salary for the first 200 days and 70% of their previous salary for the next 100 days. However, the fund is capped at 680 crowns per day (SGD 105). This is a more sustainable amount for most citizens and ensures that they will not need to rush to find a job, but rather take the time to improve their skills to make them more relevant for the job market and access a job that is of their caliber. unemployment benefits Although the government's initial idea of ​​implementing these unemployment measures was to allow their citizens to have financial security in the event of losing their jobs, the system has been exploited by some unemployed citizens . The majority of the population considers this system as a safety net. In the event that she becomes unemployed, she would not have to worry about supporting her family since she would actively seek employment, thereby helping citizens trust their government. However, some citizens see unemployment as an opportunity to take a break and do not actively seek employment that the government offers them, creating some resentment toward workers who pay high taxes due to their minority status. advocate for equal rights for all and implement compulsory schooling for their citizens up to the minimum requirement of a degree. The government also emphasizes lifelong learning and offers..