Norway's unique location on earth has allowed it to flourish in a way that no other country could, contributing to its wealth and happiness. The discovery of natural resources has played a significant role in Norway's economic transformation. Their state-owned company strategy allowed the government to save revenues from resource extraction and create one of the most extensive welfare programs on earth for their small population. Watch this video to learn about HOW Norway grew it's economy so successfully!
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#norway #economics #oil #europe #macroeconomics #macromates
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Really appreciate their leaders’ commitment to their nation’s prosperity
the found is not 1,3 B USD,, its one thousen trehundred Billion USD, or 1,3 Trillion Dollars as you would say it
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The found is today $1.6 Trillion dollar or near $300 000 for everyone
Norway was not poor intil oil, they har an average european econemy, ignorants think they were like the 18 -hundreds.
NOW it seems to be 17000bills
The most developed country in the world? Norway? Totally wrong. Norway is officially the least self-sufficient nation in the world due to its unfortunate geography and miserable climate on the periphery. It has by far the worst economy in Europe, with huge skill shortages and more gaps in expertise than any other European nation. Why it needs to import almost everything to survive. A resource-poor extractive economy that produces too little tangible value for Norway. Why its currency has been weakening against all major international currencies for over 10 years. No one wants to invest in Norway, because its a backwater on the periphery of Europe. Artificial wealth from oil and an oil fund adds no value to Norway's real economy. GDP per capita is meaningless and doesn't measure wealth distribution at all. Norway has among the worst (least equitable) distributions of wealth in Europe. Norway has among the highest household debt-to-income rations in the world. Norwegians are not wealthy at all generally. It's a myth. Learn what economics is really about and express less economics illiteracy. Norway, in reality, remains one of the poorest nations in Europe and always will be by default.