In 2010, after the severe crisis, only three countries managed to maintain a budget surplus, and Norway was one of them. This Scandinavian country ranks among the top five in the world in terms of living standards and GDP per capita, with a pension fund accumulating a whopping 1.5 trillion dollars. However, just half a century ago, it had no prospects of overcoming crisis and poverty. How did Norway transform from a country of fishermen into a nation with one of the happiest populations?
So Let’s discover the reasons for the economic miracle of Norway.
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#economy #economics #norway
