Hey everybody,
The last country that I’ve visited is Norway, this is also my last blog that you get to see. I think it’s interesting to learn you something more about the economy in Norway, the economy in this country is completely different evolved.
When the other countries were in the economic crisis, Norway notices almost nothing. When other countries spent a lot of money, Norway saved their money. When other countries wanted a limited role of the government, Norway blossomed in a welfare state.
Norway is a relatively small country with a largely homogeneous population and the country has the advantage to be a major oil exporter, as a result, they had a lot of revenue during the economic crisis.
Opposite the other countries, Norway spends its revenue wise, they put a lot of money in the sovereign wealth fund and the state money intended for investments around the world.
Norway is also frugal with its revenue, they try to limit public expenditure and they try to spend well the oil revenues.
Norway also think about the future of its inhabitants, they take into account the future generations by saving money. For example: the banks in Norway remain largely healthy, but they remain cautious with their credits.
It surprises me that there is still a country who is spared from the economic crisis, I believe that’s the own fault of some countries that they had problems in the years of the economic crisis, but as we see in this article, a country can try to save money if there would be something wrong.
I would certainly not have thought that Norway’s economy is so good and that they are a major oil-exporter because the country is actually not much in the media. My opinion is that they have to mention Norway more in the media and show the other countries what they have done to handle the economic crisis, the other countries could learn a lot from Norway.
I would certainly not have thought that Norway’s economy is so good and that they are a major oil-exporter because the country is actually not much in the media. My opinion is that they have to mention Norway more in the media and show the other countries what they have done to handle the economic crisis, the other countries could learn a lot from Norway.
So this was my last blog, I hope you enjoyed the different blogs and countries and maybe I will see you later!
Charlotte De Hainaut
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