¹Victor Akan Ekereke, ²George Ene - Ita

^1,2University of uyo Nigeria

DOI : https://doi.org/10.58806/ijsshmr.2025.v4i4n03

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ABSTRACT

The Swedish Welfare State is often seen as a global leader in promoting social equality. It represents a balanced approach that combines elements of capitalism and socialism. This paper aimed to assess Sweden's welfare policies to see if they could help address persistent issues of poverty, lack of resources, and social security challenges in Africa. Sweden's welfare model has evolved since the 1890s, but significant changes occurred in the 1990s due to economic crises and the effects of globalization. The study used a descriptive method and content analysis to evaluate data. The findings reveals that Sweden's welfare system is considered a global benchmark for social welfare, though changes in recent years have been modest. The study suggests that Sweden’s focus on industrialization was not just for its own sake but to overcome economic challenges and achieve greater economic independence. The paper recommends that developing countries aiming to reduce poverty and foster a healthy economy should look to Sweden’s approach. It concludes that Sweden’s success in stimulating economic growth, improving living standards, eliminating poverty, and ensuring social justice stems from a transparent tax system, effective resource management, and vigorous industrialization.

KEYWORDS:

Developing countries, Economic, Industrialization, Swedish Welfare, Tax System

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VOlUME 04 Issue 04 APRIL 2025