Norway: From Vikings to Oil Lottery. Part 1 | The Price of the State
Ціна Держави Ціна Держави
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 Published On Premiered Apr 15, 2024

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Norway is known for its stunning natural beauty of fjords and mountains, rich Viking heritage, and modern success marked by high living standards, sustainable practices, and innovations.

The country consistently ranks among the top in the world for quality of life, with a comprehensive social protection network that includes universal healthcare and education.

In this video, we will explore how Norway became wealthy, how it managed its "oil lottery," and why the country does not have socialism, as many populists claim.

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00:00 Introduction
04:41 History
08:41 Replacement of Danish rule with Swedish
15:19 Economic changes in the 19th century
17:37 Adoption of the Norwegian Constitution
19:56 Fish canning and economic growth
21:36 The Long Depression
24:24 Manufacturing industry
25:30 Path to independence
28:25 World War I
32:12 Interwar period
33:55 World War II
38:13 Post-World War II recovery
42:12 Discovery of oil and gas
46:20 Difference between the state oil and gas company in Norway and Ukraine

#economy #history #norway

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