Ashwin's Norway Blog

 In Norway, there's not much inequality of opportunities among citizens. Norwegian values are based on equality for everyone, and most Norwegians believe in equal distribution of wealth and equal opportunities.  Particularly with gender, there is not much discrimination in Norway. They have had The Equality and Anti-discrimination Act which promotes gender equality and aims to improve the position of women and minorities in Norway. This act makes it so that there cannot be any direct or indirect differential treatment of women and men.  Poverty, on the other hand, is somewhat of a problem. It's mainly a problem among immigrants in Norway. About 36% of immigrant children live in poverty in Norway. Only 5% of children with Norwegian parents live in poverty. The issue is common amongst immigrants because a lot of the time, they're unable to apply their education and work experience to new careers they try to get in Norway. As a result of all of this, immigrant children are n...

Explain what the Lorenz curves and Gini coefficients say about inequality in the country.  The Lorenz curves of Norway in 2006 and 2016 are closer to perfect equality in comparison to the Lorenz curves of some of the other OECD countries we looked at in class. The curves are pretty similar, and they say that Norway is fairly close to perfect equality. Norway's Gini coefficient for 2006 was 0.264 and it increased to 0.285 in 2016. The Gini coefficients for both years indicate that Norway is somewhat close to perfect equality.  What information on absolute and relative poverty levels in the country can you find? 8% of the population lives in relative poverty. I wasn't able to find any specific information on absolute poverty, all I found was that it is rare in Norway. Include a Works Cited list for sources besides the World Bank Open Data website. How's Life in Norway . OECD Better Life Initiative, 2018.  < https://www.oecd.org/norway/Better-Life-Initiative-country-note-...

Consumer Spending Business Confidence Government Spending Balance of Trade (NOK Million) Looking at aggregate demand (AD) as a curve with real GDP as the x-axis and price level as the y-axis, from the years 2010 to 2014, the AD curve would've most likely shifted to the right because levels of consumer and government spending, as well as balance of trade were rising. From 2015 to 2018 the AD curve would've most likely kept shifting to the right because of the rising levels of consumer and government spending, however the balance of trade chart indicates that Norway experienced trade deficits which would slow the rate at which the AD curve shifts to the right. From 2018 to 2020, the AD curve most likely continued shifting to the right since consumer and government spending were rising, however once again, Norway experienced a decrease in balance of trade levels, but it started rising again by 2020. Based on the last blog, Norway's real GDP h...

GDP Table Unemployment Rate Inflation Rate Current Account Balance Norway (2015-2019) Based on the following table and charts, Norway is in the recovery stage of the business cycle since the rate of unemployment and inflation have decreased since 2016, which was most likely a time when Norway was in a recession.