"It's absurd!": Swedish managers' views of America's litigious society
Richard David Ramsey
Scandinavian Journal of Management, 1990, vol. 6, issue 1, 31-44
Abstract:
American managers have grown so accustomed to a litigious society that they may not realize how different the U.S. has become from other nations with regard to claims and torts. Eightysix Swedish MNC managers were interviewed in Sweden during the Summer of 1988 concerning legal liability in America. Their views are unanimously negative. This article analyses the differences between liability in Sweden and liability in the U.S., offers some statistics comparing Sweden and the U.S., presents some cases involving Swedish companies, discusses the Swedish managers' attitudes, and elucidates the currently changing liability situation in Sweden under pressure from the EEC. A final observation is that all societies have imperfections for business and that the liability issue is an imperfection in American society, but there are advantages as well in the U.S. market, including the prodigious amounts of money to be made there.
Keywords: Liability; lawyers; litigation; claims; torts; insurance; Sweden; America; multinational; corporations; EEC (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:eee:scaman:v:6:y:1990:i:1:p:31-44
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