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The Norwegian Paradox: Analyzing Overdependence on Oil Exports

In: The Strategic Management of Place at Work

Author

Listed:
  • Serena Bertozzi

    (University of Bergamo)

  • Julia Camara

    (Indiana University)

  • Hanna Goßner

    (University of Augsburg)

  • Jonah M. Otto

    (University of Augsburg)

  • Melanie Zott

    (University of Augsburg)

Abstract

Norway—a country with an exceptionally environment-friendly image—is implementing lots of renewable resources for its own consumption. On the contrary, about half of Norway’s exports are crude petroleum and natural gas. This great overdependence on oil makes Norway especially vulnerable to fluctuations in the oil price, the amount of remaining resources, and the overall global acceptance of fossil energies. It is of high importance to diversify Norway’s exports in order to ensure long-term economic stability. Hence, this paper focuses on suggesting alternative businesses to strengthen other industries. This can be done through government investments in local businesses and by strengthening economically important SMEs and innovative startups.

Suggested Citation

Handle: RePEc:spr:fuobcp:978-3-031-29463-1_12
DOI: 10.1007/978-3-031-29463-1_12
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