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Norway (like Switzerland and Iceland) is also an independent country which isn't governed by the EU.
I don't think that a good economy is the goal but a free one.
https://www.youtube.com/watch?v=qp-xxXZYCMo
https://www.youtube.com/watch?v=D9qG5dA_gcgQuote:
Norway is one of the World’s wealthiest countries. Also they have really small inequality between rich and poor and a big welfare state. Part of this wealthy lifestyle can be explained with their enormous oil reserves, located on the Nord Sea. But… this is not the only one. In fact, Norway has managed their natural wealth on a very specific way: state capitalism. This means: Government control a big share of the economy but, then again, it behaves as a business: they care about efficiency and productivity, save money and even… invest it in the stock market! In fact, Norway is not just a wealthy country. It is also one with a big sway on international finance. Why? Because the Norwegian Central Bank invest all the oil profits on the stock market. This is the so called ‘Norway’s sovereign wealth fund’ or the ‘Norwegian pension fund’. This country invest more than 1 TRILLION dollars in companies from all over the world. But how does this system work? In this video, we will tell you how.
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In the last few years, the most significant element of the Norwegian identity has been its commitment to the environment, especially its fight against climate change. And there is no better place for us to see this than in their adoption of the electric car. You see, Norway has the most developed market for electric cars in the world. In Norway, one out of every two of the cars sold is either electric or hybrid! But there´s more... Watch our today's video and find out!
Oil was not the only thing contributing to the success of Our society. High levels of trust and a policy that aimed at a more equal distribution of wealth created a peaceful society. Low crime-rates and corruption. I would argue this was possible due to a vastly ethnic homogeneous population. The welfare state was only made possible through a society based on trust. As an example farmers where I live used to leave their goods unattended, relying on people honestly paying for what they take. Not anymore, though.
In recent years increased diversity have challenged this model. The high number of immigrants with foreign background on welfare has taken a heavy toll on the economy. A lot do not want to become part of Our society, and perceive kindness for weakness. With lesser qualms about abusing the welfare services. Considering it free fruit ripe for taking.
The oil dependency is real if we are to maintain the current standard of living and security. We do have other industries to rely on, but we have to accept the standard of living will get lower as expenses gradually surpass the income.
Norway is full of norwegians, apart from the oil, that explains mostly, oil is an economic plus.
If that oil would have been found in Uganda, it still would be a shithole and only four oligarchs would be rich. Because that's what happened in Equatorial Guinea,a country with oil and with similar population.
Then we have also the example of Venezuela too.
In fact most of the third world countries have huge resources, but they are third world and will be.