Norway is one of the most developed countries in Europe. Although they are not apart of the European Union, their economy has bloomed due to good growth in the export markets and petroleum investments along with public sector demand and low-interest rates. Because they are the world's fifth largest exporter of oil and gas, this contributes to about a third of their revenue. Their good growth has also had a positive effect on other parts of the economy such as heavy engineering and shipbuilding. The standard of living is higher than usual and the country congratulates themselves on having a 100% literacy rate. Although a fairly wealthy country, it is facing several problems. Examples would be the dramatic demographic transition to a more elderly population, the increase of asylum seekers and immigrants, the slightly increasing unemployment rate, and the changes in climate (Norway: Country Analysis, 2008).
These problems have been major issues discussed in the recent election. In the past, the government focused on increasing health, education, and welfare. It also focused on Norway reducing their greenhouse gas emissions and making it a carbon-neutral country by 2030. However, according to the newly reelected left leaning prime minister, Jen Stoltenberg, somethings will change. Although the previously mentioned are still important and will still be stressed, the government will now focus on other things such as environmental developments, unemployment rates, and asylum policies for the following four years. Stoltenberg stated that he would not make any changes to their economic policies and that it is his intent carry over the policies that have kept their unemployment rate low; the lo...
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...rams like transport, energy, and agriculture. The integration of environmental assessment into business activities has brought in many changes, improving the environment of Norway (Norway: Country analysis, 2008).
As previously mentioned, Norway is one of the most developed countries in Europe. Although they are the world fifth largest exporter of oil and gas, this hasn't opened up enough jobs in their economy. With the production of gas and oil being lowered, this could possibly lead to an increase in the unemployment rate. Although a fairly upstanding country, it is facing several problems including political stability and climate control. (Norway: Country Analysis, 2008). Even though some seen it as in a slight recession right now, it is safe to say Norway should have no problem pulling out of it, especially since have the best economy in the European Continent.
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