POL3142 Lecture Notes - Lecture 10: Nordic Countries, Inferiority Complex, Social Cost
15 Apr 2016
School
Department
Course
Professor
Document Summary
Norway was a strong nation in building ships (oil powered) Oil didn"t ruin norway they didn"t spend oil related revenues within norway, but put them in a fund to spend above (norwegian sovereignty fund) Norwegian state pension form: owned by the people, managed by the state. Spend a little money in industries that had no ability to survive the crisis. They stopped using oil revenues to bail out failing industries. Norway had to pay the social cost of letting a company die. None of the oil money should be invested in norway. Norway is preparing itself for a post-oil economy. We are not a standard european country by nature. Inferiority complex but now the swedes come to norway to work. We tend to lump together four countries that are essentially different. Denmark (smaller than the other), finland, norway (more than 5 million people) and. Gdp in the top 10 (all of them) 4/5 are in the happy top 10.
