Research Question: How is Norway the best developed country and what strategies did they apply to come to this stage? WHY NORWAY? I chose Norway as my country for the Development task because I thought that Norway is one of the best developed countries in the world. According to the thoughts and research of the UN they think that the best country to live in is Norway. Norway has been ranked number one for the HDI rank (Human Development Index), in 2011. (nationsonline.org, 2015). This country owns the biggest investment fund in the world; The Government Pension Fund which is almost 900 billion dollars. Norway has also developed world class industries (some of the best industries) Marin sector, oil and gas, ICT industry and finance industry. (Invinor.no, 2015). Norway is one of the Nordic nations, Norway’s is a country which is long and narrow. The …show more content…
This term is used for countries with low standards of living. It also means in general that it is less developed. In industry LEDC’s focus more on primary industries which include farming, fishing and mining as well. MEDC stands for More Economically Developed Country and means that the country is developed well, has a high GDP, HDI would be high. This term is used for countries with high standards of living. It means that it is more developed. In industry the MEDC’s focus more on secondary industries which could be food processing, oil refining, energy production and manufacturing. (BBC.co.uk, 2015) NIC stands for Newly Industrialized country, and means that the country is currently developing, has a high GDP, HDI would be medium. This term is used for countries with okay standards of living. It means that the country is developing. The country would have experienced rapid growth, and the industry would be tertiary industries, which could be customer service, accounting etc. (BBC.co.uk,
In Norway capitalism has been combined with socialism.
Latvia is one of fifteen former Soviet states, also known as the former Soviet Union (FSU). The Union of Soviet Socialist Republics (USSR) was dissolved on December 26, 1991. Latvia is also one of three Baltic States that restored their previous independence on the basis of state continuity; which defines the continuity of Baltic States as legal entities under international law. [1] “The Declaration “On the Restoration of Independence of the Republic of Latvia” was adopted on May 4, 1990. This Declaration declared that Latvia continued to be a sovereign country, as the annexation by the Soviet Union was unconstitutional and against the will of the people. Latvia restored the authority of the Constitution of 1922. [1]
Sweden is largest country out of the three Scandinavian countries with a population of well over nine million. Sweden has for a long time been recognized by Europe, and the entire world, for having warm and inviting borders and excellent integration policies for immigrants, especially when it comes to its neighboring Scandinavian countries. Sweden’s open immigration policy today makes it one of the mot diverse nations on the planet. However in recent times due to an influx of asylum seekers, Sweden is in a position where the country may have to clamp down of some policies that it was once praised for to keep the balance.
In the first assignment of Research Skills (Studio Pathway), we have to explain some terms in research. Every student has to choose 5 terms. 5 research terms that interested me are Case Study, Literature Review, Primary Source, Secondary Source, and Survey.
In today’s world poverty is not only viewed in terms of average income/wealth, but as the lower end of distribution regarding income, education, health accessibility, nutrition, productivity, participation in politics, etc. Thus, poverty is defined as the “economic condition in which people lack sufficient income to obtain certain minimal levels of health services, food, housing, clothing, and education generally recognized as necessary to ensure an adequate standard of living” (Funk & Wagnall 1). Adequate, however, depends on the standard of living for each country.
Every year there is a ‘league table‘ published showing the level of economic growth achieved by each country. The comparison is made using each countries Gross Domestic Product, or GDP. An important factor to look at is the difference between actual and potential economic growth. Actual economic growth increases in real GDP. This increase can occur as result of using previously unemployed resources, or reallocating resources into more productive areas or improving existing resources. Whereas potential economic growth is the productive capacity of the economy. For example, it can be shown by the predicted ability of the country to produce goods and services. This changes when there is an increase in the quantity or quality of the resources. All countries have different ways of achieving this with the resources they have available to them. For this reason it party answers the question of why some countries are richer than others. It is widely thought that the productive capacity of an economy will increase each year largely due to improvements in education and technology. This will obviously differ from country to country. For example, in the UK the quality of fertilizer could be improved, hence forth increase the years fruit and vegetable output.
Standard of Living, in a purely material dimension is the average amount of GDP per person in a country (therefore determining access to goods and services). However the term has a much broader, non-material dimension involving issues of quality of life and are therefore much more difficult to quantify. There is no single measure of SoL, but a range of indicators, which can be used together to give a good idea of a countries’ SoL. Reasons for GDP figures alone giving an incomplete understanding of SoL in a country will be explained in this essay, along with problems faced when comparing levels of development between countries.
Norway is one of the “three fingers” of Scandinavia, and is just larger than New Mexico. It covers 125,181 square miles. It is located in Northern Europe, bordering the North Sea and the North Atlantic Ocean. The coastline stretches 21,925 km. The population of Norway is 4.3 million and growing. The population is predominantly or Nordic (Scandinavian) decent. There is also a small minority (20,000) of native Sámis (Laplanders), who live mostly in the North. Many aspects of business and management in Norway are very similar to those of America including language and communication, power structures/politics, work ethics, food and eating habits, dress, and religious beliefs.
Paul Collier’s book is about the future of the world. Most of the world is on the positive trajectory set by growth and prosperity. The 21st Century is the age of the middle class. For most of the world, things are looking up. However, Collier is concerned with a group of countries that are not part of this trajectory. Collier is concerned with approximately 58 countries that constitute about one billion people, or 20 percent of the earth’s population (Collier 7). This “bottom billion” group belongs to countries that are not progressing with the rest of the world’s pace; in fact, they seem to be diverging and falling apart when everyone else around them are growing. The purpose of the book is to show these countries are, in fact, diverging. He shows them caught in four different “traps.” After proving this, Collier has the challenge of making the case for reform and what can be done to fix these countries and put them on the course towards growth and prosperity. Finally, Collier has to show why the western world should care about supporting these countries and reversing their decline and how their current poor trajectory represents a drain on the global economy and security environment. The Bottom Billion is written for a broad audience; essentially all citizens of democratic countries. Collier encourages action by all levels but recommendations are made for policymakers in G8 countries that are responsible and interested in achieving improvement for impoverished countries.
Zambia is a landlocked country in south-central Africa with a surface area of 752,600 square kilometers, which is slightly larger than Texas (10). Zambia is the continents biggest copper manufacturer and is the site to one of the Seven Natural Wonders of the World, Victoria Falls (3). So, why is this country on the list of least developed countries? “Social conditions are tough. Poverty is widespread. Life expectancy is among the lowest in the world and the death rate is one of the highest - largely due to the prevalence of HIV/Aids” (3)
In conclusion, Collier thoroughly explains his reasons behind why the bottom billion countries are poor. His arguments covered a variety of the course concepts like internationalism, failed state, Globalization, and economic forces. However, after critical evaluation, it is clear that Collier ignored and underestimated several of these concepts.
There are many different pros and cons in life. Regardless of what someone is trying to compare. It is very interest when doing research on new country that an individual does not know much about that particular topic. What are the most important qualities in a country that help us function as a society. They are economic growth, strong structural system with government so the people can have a leader to follow in the right path.
Scandinavia is a region of Northern Europe that includes Sweden, Denmark, Norway, Finland, and Iceland. All the countries of Scandinavia share similar languages, are ethnically homogeneous, and are known to be punctual, honest, and modest. While each country does have its differences, they all have one major thing in common: the Nordic Model. All the Scandinavian countries are Social Democracies, which basically means that citizens pay high taxes, but in return the government provides a great deal of things to everyone. However, there is also criticism of the welfare state, with complaints ranging from people taking advantage of the system to dissatisfaction of the brutal taxation. Although the Nordic Model has its problems, the benefits and the quality of life that results from it outweighs the bad, which is shown by the prosperous Scandinavian states.
Impoverished nations, typically hold very little power in the international system. Therefore, from the realism viewpoint, they are of little importance. They are not typically a threat militarily or socially. However, there is a strong desire in the realism view for balance and order in the international system and an impoverished nation with an unpredictable economy could be seen as a
Thousands of years ago, there are lots of places that have no development and people live in very primitive ways. But these place has been changed very faster along with the transportation and technology developed. People do not not risk their life for food anymore. Their life has become easier. Let’s moves to Asia, China is the world factory which have a huge population and labor resources, globalization is one of the most important factor. Globalization has creating lots of job opportunities for China, more people get jobs in factories from foreign