Table of Contents
How did Norway avoided the resource curse?
Norway did establish strong mechanisms that prevented the worst manifestation of the resources curse right from the 1960s. This was achieved because of many factors, such as: Transparency, the Norwegian culture is rooted on the values of ethical awareness (Jensen, 2014).
Is the resource curse a problem for Norway?
The literature on “the resource curse” shows a bleak relationship: countries with large natural resources generally experience lower economic growth than other countries. Norway does not fit into this picture. Economic growth has much higher than in most other industrialized countries.
Is Norway’s law enforcement effective in combating corruption?
Law enforcement activities and the legal framework for combating corruption are strong, and anti-corruption laws are enforced. There are no reports of official impunity. Norway’s economic crime-fighting unit, Økokrim, has proven itself effective in investigating and prosecuting corruption in Norway and, to some extent, abroad.
Is bribery a crime in Norway?
Corruption does not represent a constraint to trade or investment, and administrative corruption and petty bribery are almost non-existent. The Norwegian Penal Code criminalizes active and passive bribery , trading in influence , fraud , extortion, breach of trust and money laundering.
Is Norway a good place to do business?
Norway ranks among the least corrupt countries in the world, and business is conducted with a high level of transparency. Corruption does not represent a constraint to trade or investment, and administrative corruption and petty bribery are almost non-existent.
What is the Corruption Perceptions Index (CPI)?
Since its inception in 1995, the Corruption Perceptions Index, Transparency International’s flagship research product, has become the leading global indicator of public sector corruption. The index offers an annual snapshot of the relative degree of corruption by ranking countries and territories from all over the globe.