The Nordic countries must adapt away from this pre-globalization mentality or have all of their assets slowly withered away by more flexible economies. The same exact problem applies to Finland where I'm from.
Euro-area economies are stagnant or shrinking whilst US economy is churning onwards like a madman. They will buy all of our assets away over time unless we start seriously competing.
Sad, but this is the only choice now that we've chosen to participate in the global economy.
Euro-area economies are stagnant or shrinking whilst US economy is churning onwards like a madman. They will buy all of our assets away over time unless we start seriously competing.
Sad, but this is the only choice now that we've chosen to participate in the global economy.