Abstract
Analyses the major transformations of the Swedish model, its welfare regime, employment and production systems. Argues that the current model appears to be more in line with the three core components of the original model developed during the 1950s than it did two decades ago. The changes in macroeconomic policy towards a more restrictive and antiinflationary approach, the reorientation of active labour market policies towards supply oriented measures and the structural reforms undertaken in the tax and social protection systems during the 1990s suggest a revival and renaissance of the traditional Swedish model.