Sweden’s population is only 9 million. Less than twice the size of the Houston Metro population.
AAU ball.....
- Yet considerably more than twice the size of one ninth of the most populous state in America.
Stockholm manages to compete pretty well with the Bay Area as well as companies like Texas Instruments.
But, admittedly, a lot of the IT development taking place in the Swedish capital of today is due to the presence of American companies like IBM, Microsoft, Intel etc.
In fact, IBM has been contributing immensely to the business life of Sweden since 1932 and already in the seventies, it was one the largest employers in Stockholm.
Today?
As the digital habits of Mankind tend to develop towards increased mobility, extreme miniaturization and above all the wish of carrying along entertainment, information, communication, pieces of creation etc as you (physically) SHIFT from one place/occupation to another one, Nordic companies like Ericsson and Nokia will continue to gain ground on behalf of, for instance, Korean companies who waste much of their profits on trying to convince the World that brand names like LG and Samsung are “cool” (- why not try and face-lift the Goldstar trade mark as well).