5 Socialist Countries that Have Succeeded

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1. Sweden

Gini Coefficient: 28.8 

Sweden is a constitutional monarchy but with effective power in the hands of elected representatives. It is another Nordic country with the Nordic Model implemented in their social economy. Sweden has the 2nd highest score of innovation of 62.50 just behind Switzerland and pushing the US to the 3rd spot.When it comes to global competitiveness, Sweden ranks 8th and has a social progress score of 91.62.

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