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Sweden is considered to be one of the most advanced countries in terms of innovation worldwide. Sweden always ranks high in all international reports on Science and Technology indicators such as the ones regularly published by the OECD or Eurostat. As many small countries, the Sweden economy has a strong international orientation and this is also reflected in the national innovation system. The NIS is dominated by internationally oriented industrial firms and universities. Furthermore, since 1988, the country has experienced a growing trend of mergers and acquisitions of technology intensive firms by foreign companies (Vinnova, 2006) whose presence, particularly in certain industries, is very noticeable.
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