Abstract: This case addresses the competitiveness of Norway and its challenges. Thanks to the discovery of oil & gas on the Norwegian continental shelf in 1969, Norway’s economy prospered to become the sixth richest in the world in terms of gross domestic product (GDP) per capita. Different than other oil & gas rich countries in the world, Norway achieved to improve the societal welfare of its citizens and led the world in social progress. Despite the prosperity and the high level of social welfare, dependence on the oil & gas industry, the climate crisis, and poor transport infrastructure continued to challenge Norway, and the country lagged behind its Scandinavian neighbours in competitiveness.
Nazar Kokaurov, corresponding author, international business student, JAMK University of Applied Sciences, School of Business, Rajakatu 35, 40200, Jyväskylä, Finland, kokaurovn99 (at) gmail.com
Murat Akpinar, JAMK University of Applied Sciences, School of Business, Rajakatu 35, 40200, Jyväskylä, Finland, murat.akpinar (at) jamk.fi