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Thread: Norway - Is It The Perfect Economy?

  1. #21
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    The ones who think oil really makes Norway what it is should know that Norwegian oil is selling at a much higher price than arabs which makes their oil too expensive to buy for most countries.

    Without oil money which has been the case several times making the norwegian crown NOK fall, Norway is just Sweden with higher wages, so the oil doesn't do everything.

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    Oil + Small Population + Intelligence

    There is some corruption in Norway, but those in charge know better than to let that show economically.

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    It's because Nordmenn are Aryans and shiiiieeet...

    Ok, besides joking. Before the 960s, Norwegians on a per capita basis were poorer than Greeks. They found the oil reserves, but they did not rely just on them. They dealt with these resources masterfully, so that they became the country they've become now. Their success also relied upon their strong homogeneity (as with all Nordic and almost all European countries) and their high levels of trust and social cohesion. When one country is composed of only one group, that has common values, ethics and priorities and are trustful with each other, only progress is ensured.
    "Why should I fear death? If I am, death is not. If death is, I am not"
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    Quote Originally Posted by Snkves View Post
    Yeah I'm sure that's the reason you're third world.

    No offense, but Malmö, an entire part of Göteborg and all of the northern suburbs of Stockholm are worse shitholes than my country. Because you've brought the third world by your own will.
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    Oil price below 50-55$ means the end of Norway wealth ............ the state fund is leaving the oil business.

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    Quote Originally Posted by renaissance12 View Post
    Oil price below 50-55$ means the end of Norway wealth ............ the state fund is leaving the oil business.
    Norway will be doing fine long time even if oil price would stay down.

    Right now ... they basically don't have national debt. How many countries can say the same? Lots of unused ''potential'' here with them.

    Secondly they are bit like ''fat/lazy pig'' at the moment ... the costs savings done in Finland, in Sweden, in Iceland, in Denmark (while last decades) are bascically not been done (yet) in Norway. Simply copying those will cut the costs of public sector ... if/then needed.

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    Quote Originally Posted by Finnish Swede View Post
    Norway will be doing fine long time even if oil price would stay down.

    Right now ... they basically don't have national debt. How many countries can say the same? Lots of unused ''potential'' here with them.

    Secondly they are bit like ''fat/lazy pig'' at the moment ... the costs savings done in Finland, in Sweden, in Iceland, in Denmark (while last decades) are bascically not been done (yet) in Norway. Simply copying those will cut the costs of public sector ... if/then needed.

    Norway can become less wealthy.. but less wealthy doesn't mean...."Africa or other poor regions" Norway could drop from the first/second rank ( wealthy countries ) position to 15-20 position...

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    Absolutely, one of the top 5 richest countries in Europa and of top 10 in the world.
    https://norwaytoday.info/finance/nor...ry-to-live-in/
    https://en.wikipedia.org/wiki/Economy_of_Norway
    Last edited by Miraak; 04-10-2020 at 04:19 PM.

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