There is no denying that Norway has one of the world's most prosperous economies. Many factors contribute to this, including it's capitalistic economic values which encompass a balance of free market and government interference. The government controls the key areas such as the petroleum sector through large-scale enterprises.
The main reason Norway has endured such hard times and came out unscathed is largely due to it's superfluous and eclectic variety of natural resources. Some of the more common are: petroleum, hydropower, fish, forests, and minerals, but the main area of focus is the petroleum sector, which accounts for over 30% of the state's revenue.
Though Norway elected to stay out of the EU in around 1994, it is still a shareholder in europe's economy, and an economy juggernaut to say the least. Norway is still going strong in 2010, and I believe it will continue to do so due to their fair economic policies and the lucrative petroleum industry they control.
http://www.eubusiness.com/europe/norway/econ
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment