The Nordic model falls apart if you take away the Scandinavian petroeconomies. ... Norway and Sweden are not and petroleum is their primary industry.
This is off topic, but I'm doing this on a "just so you know" basis; most people like to be told when they're wrong. If you don't want to know what Nordic economies are actually based on, skip the rest of this.
First of all, the Nordic countries are Denmark, Norway, Sweden, Iceland and Finland. All of them have their own variation of the Nordic Model, and each of them are closer to each other than any other country when it comes to economic and social policy.
All of the Nordic countries primarily base their economy on the service sector. As for production, only Norway has really significant petrol resources. The rest of us don't have oil, at least in significant amounts. (I've never heard of Nordic oil outside Norway.)
I'm just gonna look up Wikipedia's articles on our economies ("economy of [country]"):
Denmark produces food, technology (mainly energy production equipment, specialising in wind turbines), furniture and the like. Most of its industry, except agriculture, is based on imported raw materials. It seems that it does produce some
oil, but not enough to make it one of its main industries.
Norway is not totally reliant on its oil, either, but it is its main industry, it seems. In addition, it produces ships, fish, chemicals, machinery and metals.
Iceland's industrial output mostly consists of aluminum and fish. Its main source of energy is geothermal energy.
The main industries of Sweden are telecommunications equipment, wood pulp and paper products, motor vehicles, pharmaceutical products, iron and steel. Those are also its main exports.
As for Finland, our main industries are metals and metal products, electronics, machinery and scientific instruments, shipbuilding, pulp and paper, foodstuffs, chemicals, textiles, clothing. We export all of those and optical equipment, transport equipment (such as trains) and timber. I guess I should note that the largest company in Finland is Nokia.
Obviously, my post was directed at Tom. Venezuela actually is
dependant on oil, unlike the Nordic countries.
Again, apologies for going off-topic, but I had to correct an error made by Tom so that people wouldn't be misinformed about Nordic economies.
edited 10th Aug '11 6:30:37 PM by BestOf
Quod gratis asseritur, gratis negatur.