Word: nordlie
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Dates: during 1978-1978
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Unrealistic oil production and revenue predictions, expensive delays and 100%-to-200% cost overruns at offshore platforms have led to economic crisis. Norway has greatly overspent its oil revenues. Prime Minister Odvar Nordli, whose Labor Party has governed for five years, felt it necessary to submit an austerity budget for...
To curb the country's 8.3% inflation, controls have also been put on private lending, investment and installment buying. Nordli frets that there is too much reliance on government. Says he: "Each job in industry is now supported by an average $1,000 to $1,200 per year in government...
Volvo chief sought a merger with his smaller but more profitable Swedish rival, Saab-Scania. The engagement was announced, but Saab-Scania became worried about Volvo's decline and broke it off. After Falldin's government refused to help, Gyllenhammar secretly turned to Norwegian Premier Odvar Nordli.
With a per capita G.N.P. of $7,420, Norway has one of the world's highest living standards. Whether such bounty results mostly from the drive of 4 million people inured to hard work in a cold, rugged land or primarily from the social-democratic policies pursued by the...
The government's most ambitious attempt to restructure the economy while permitting private ownership has been to give workers a voice in corporate management. A 1972 scheme for "industrial democracy" requires all firms with more than 200 employees to give worker representatives one-third of the votes in the...