Norway is the World’s Third Most Committed Country to Development

Photo : Blue Square Thing. The flags of Nordic countries

LATEST ARTICLES

The Center for Global Development ranked 27 of the world’s richest countries on policies that affect the more than five billion people living in poorer nations. 

The index goes beyond measures of foreign aid to quantify performance in seven areas including quantity and quality of foreign aid, openness to exports, policies that encourage investment and financial transparency, openness to migration, environmental policies, promotion of international security and support for technology creation and transfer. 

For the second year in a row, Denmark ranks first on the CDI because of its high aid quantity and quality, transparency in its financial sector, and commitment to security in developing countries, and because it spends a significant portion of GDP on developing new technologies. Close behind are Sweden, Norway, and Luxembourg, all top-ranked aid donors with strong migration records. Norway ranks number one in two CDI components—migration and security. 

But despite all these high scoring fields, Norway’s sky-high tariff walls and massive oil pumping put the country behind the neighbouring countries, Denmark and Sweden.

“Norway’s government has initiated some of the most restrictive trade barriers against poor countries” writes index report. 

Comments