history of sweden shipbuilding

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Shipbuilding in Sweden
Sweden is a northern European country located between Finland and Norway. The country shares its borders with the Baltic Sea, Gulf of Bothnia, Kattegat, and Skagerrak. Although known as a military powerhouse in the 17th century, Sweden has remained a neutral country and has not participated in any of the World Wars in modern history. A former agricultural based country, Sweden has evolved into a highly industrialized one, with its rich resources of iron, hydroelectric, and timber. The rich resources also allowed the country to develop metal products, automotive, machinery, transport equipment, and paper products. In recent years, Sweden also developed its information technology, telecommunications, and pharmaceutical sectors.
Sharing borders with major maritime routes, Sweden also has important seaports. Its rich maritime history also facilitated the development of the Swedish shipbuilding industry. Sweden has the second largest shipbuilding industry in the 1960s and 1970s until Japan outperformed and surpassed Sweden. Various factors contributed to the decli...

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