NORWAY

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NORWAYSEconomy

• By Péter Ádám

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Introduction

• About Norway
• Inside Norways Economy
• Resources
• Energy
• Norway in the Global Economy

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About Norway

• Area 385 155 km2
• Population 4 660 000
• Population per km2 12.1
• GDP (2005) NOK 1 906 billion (EUR 243,3 billion)
• GDP (per capita, 2005) NOK 412 000 (EUR 52 600)
• Currency Norwegian kroner (NOK)
• Population growth (2005) 0.7

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Mixed Economy

• Mixed economy
• Capitalist market with state influence
• Private property
• State property
• Statoil, Norsk Hydro
• Market and planned economy.

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Economic Growth

• Rich country
• Natural resources
• Big industries
• Proximity to major markets
• Continuous vigorous economic growth
• Life expectancy
• Housing standards

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Economic Policy

• Unemployment
• Inflation
• Stimulate growth
• Influence industry
• Distribution of income.
• Little industries
• Lenient taxation
• Support the regional industrial sector
• Agriculture
• Innovation
• Traditional industry

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State Influence

• Valuable companies
• Banking
• Railways
• Postal services
• Increasingly exposed to competitive forces

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Heavy Industries

• Major supplier of metals
• Aluminium
• Magnesium
• Ferroalloys
• Silicon metal
• Zinc
• Nickel
• Copper
• Fuel

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Agriculture

• 21 arable land
• 3 cultivated land
• 18 productive forest
• Not suitable for agriculture
• Big forests
• Wood products
• Export
• Sea
• Fishing

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Shipping

• Important to the country
• Worldwide export
• Big trade fleet
• Fishing
• Oil well

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Resources

• Big country
• Natural resources
• Ore
• Lumber
• Coal
• Oil
• Renewable Energy Resources
• Biomass
• Wind
• Water

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Energy

• Attention to the environment
• Green house gases
• Pollution
• Traditional energy plants
• Renewable energy power
• Dams
• Wind mills
• Sun collectors
• Biomass power stations
• No nuclear power plants

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Norway in the Global Economy

• Not a member of the European Union (EU)
• Member of the EU common market
• European Economic Area (EEA)
• Big trade fleet
• Exports a lot of goods across the globe

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THE END

• Thanks for your attention.