Norway

2 Pages 470 Words

Norway


Norway is a country that offers something for everyone. It’s a country of rich and diverse natural landscape that provides a fantastic setting for people. Norway’s conventional long form name is, Kingdom of Norway.
Norway’s government type is a constitutional monarchy. The Norwegian government places emphasis on ensuring that all parts of the county have a share in the nations assets. Also, each country is encouraged to develop its own industrial and commercial base. Government control key areas, such as the petroleum sector and subsidize agriculture, fishing and sparse resources.
The Norwegian legal system is a mixture of customary law, civil law system and common law traditions. Supreme Court renders advisory opinions to legislative when asked and accepts compulsory jurisdiction with reservations. The parliament is always informed when amendments to the formal framework for the operation of the Fund are made. The Political parties in Norway are: Center Party, Christian Peoples Party, Conservative Party, Labor Party, Liberal Party, Norwegian Communist Party, Progress Party, Red Electoral Alliance and Socialist Left Party. The Prime Minister of Norway is Kjell Magne Bondeuik and 19 other ministers’ work with him.
The Norwegian economy is a welfare capitalism, featuring a combination of free market activity and government intervention. It is thriving and healed for further growth. The country is richly endowed with natural resources; petroleum, hydropower, fish, forests, and minerals. Also, it is highly dependent on its oil production and international oil prices. Norway is a major shipping nation with a high dependence on international trade and is basically an exporter of raw materials and semi-processed goods. Norway’s core markets include the Nordic region and Europe and the export horizon is steadily broadening. Norwegian companies invest for long term and are world leaders in sectors, such as maritime...