Lessons from Norway, the world’s most inclusive economy
April 12, 2017
The West is beset with widening wealth gaps, shrinking middle classes and fractured societies. It’s a familiar phenomenon, but what if there was a different side to the story?
Norway tops our 2017 index of inclusive economies, a study of which countries are best at providing growth that is sustained over decades, is broad-based across different sectors, creates jobs for a great majority of the population, and reduces poverty.
The small Scandinavian country of 5 million people does things differently. It has the lowest income inequality in the world, helped by a mix of policies that support education and innovation. It also channels the world’s largest sovereign wealth fund, which manages its oil and gas revenues, into long-term economic planning.