The Effects of Industrialization on Norway’s Economy, Environment and Population

Impact of industrialization on Norway's economy, the environment, population Until the early century, Norwegians were mainly fishermen and farmers. For hundreds of years the fishery was the foundation of Norway's life and culture. Fishery is still very important in Norway, but the discovery of North Sea oil had a major impact on Norway's economy and culture. Oil discovery in the North Sea made Norway a wealthy country.

Norway: The Norwegian economy is mainly supported by fisheries. However, their economy has changed in the 1970s. Oil and gas were discovered in the North Sea region of Norway and became an important part of the economy. This is important because Norway is less agriculture than the neighboring countries of Sweden. In the north there are arable soils, vast forests, cold climates, and coastlines. Norway seems to be very prosperous, the employment rate in Europe is ranked second, and per capita income is the fourth richest country in the world.

Impact of industrialization on Norway's economy, the environment, population Until the early century, Norwegians were mainly fishermen and farmers. For hundreds of years the fishery was the foundation of Norway's life and culture. Fishery is still very important in Norway, but the discovery of North Sea oil had a major impact on Norway's economy and culture. Oil discovery in the North Sea made Norway a wealthy country.

Norway is one of the world's largest energy producers, supplying most of Europe's oil and gas. However, Norway 's oil production peaked in 2001 and the reserves of the northern and Norwegian waters declined rapidly. Industry analysts said that national hydrocarbons are in the Barents Sea in the future, and Oslo began exploration in 1981. Norway and Russia have resolved the decades of maritime boundary dispute in the Barents Sea and agreed to cooperate in energy development in this region. However, experts say that sensitivity to the environment may interfere with offshore exploration

Norway is a developed country, it is normally ranked as the top 30 in the world's GDP, and GDP in 2014 is $ 500 million. Norway's per capita GDP is the ninth $ 61,471 in the world. Since the Industrial Revolution, the main export items of the country were crude oil and petroleum products. Norway is the world's third largest exporter of natural gas and supports the construction of a large-scale sovereign wealth fund of $ 830 billion. Petroleum exports support the Norwegian economy, with an average monthly wage of $ 5,166, becoming one of the richest countries in the world. The country's oil economy is governed by the government through extensive regulation. Companies are funded mainly by state owners