Cure for Inflation

Since World War II, Sweden has been plagued with high prices, inflation and a shortage of top-quality consumer goods. To put its economy to rights, the Swedish Ministry of Trade last week prescribed strong medicine: pour in cheap foreign goods to bring prices down. To attract imports from the U.S. and other countries, Sweden abolished tariffs and restrictions on about half its imports. Included on the free list: chemical products, leather goods, most metal products, all paper except newsprint, wood products, shoes, hats, pottery, rubber products, glassware, dried and canned fruits, rice, brier pipes, fountain pens. In addition, the Trade Ministry eased restrictions on most commodities still requiring licenses.

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