This is something people fail to realize. Scandinavia today is associated with wealth and strong social welfare programs.
Norway before the discovery of North Sea oil was one of the poorest nations in Europe.
Norway before the discovery of North Sea oil was one of the poorest nations in Europe.
Not really. In 1969, the GDP per capita of Norway was $9,899. Compare that to Sweden ($12,540), UK ($10,552), Ireland ($6,089), Germany ($10,440), Finland ($8,878), Italy ($9,566), Portugal ($4,987) etc.
http://www.worldeconomics.com/Data/MadisonHistoricalGDP/Madi...
However, the Norwegian economy had made substantial progress in the post war years - prior to and independent of oil.
Also my (Norwegian) mother born just after WWII grew up without electricity and farmed with hand tools