Abstract
Economic development is an important indicator of a country's progress. A high degree of development shows the happiness of the country's people, the development of the industrial aspect, and the improvement of the social level, while a low degree of development shows the opposite. In order to propose some recommendations for Niger and Norway that are relevant to their national context, we start with the analysis of their economic development. We start with the analysis of the reasons for the differences in their economic development and end with the proposed policies.
Highlights
Norway’s impressive Human Development Index (HDI) value of 0.957 in 2019 can be attributed to its successful economic development policies including: the decisions of the main industry’s factors within the country, and the climate
Most desert countries have oil under the ground, but Niger has only sand. This has a big impact on Niger's economic development, because sand does nothing for the economy, and oil is the source of most African countries' economy
Niger, which has no oil, is at a disadvantage compared with other desert countries that have oil. This has a big impact on Niger's economic development, because oil is the source of most African countries' economy
Summary
Norway’s impressive HDI value of 0.957 in 2019 can be attributed to its successful economic development policies including: the decisions of the main industry’s factors within the country, and the climate. On the other hand, is the polar opposite with a HDI value of 0.377 in 2019, with high levels of malnutrition and widespread absolute poverty. This essay will aim to discuss the causes of the stark differences in economic development between the two countries, as well as exploring the policies that Niger could adopt in order to reach a higher level of economic development, and the policies that Norway can adopt to further enhance the country's level of economic development
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