Global interdependence is defined as mutual dependence on a global level. It exists when one country relies on another country for goods or services, while that country then relies on a separate country for certain goods or services. A major contributor to global interdependence is the importing and exporting of goods. Norway's major exports include oil and gas, industrial machinery, seafood, shipping services, hydroelectricity, and metals, particularly ferro-alloys and aluminium. It's major imports include industrial supplies, fuels, capital goods, transportation, and food items. Foreign trade amounts to approximately 37% of Norway's GDP. Countries in which Norway has an interdependent relationship includes the United Kingdom, Netherlands, Germany, Sweden, United States, France, and Denmark. An example of Norway's interdependence is that of its export of seafood while relying another country for its import of food items. Given the climate and lack of agricultural land in Norway, they rely heavily on the import of fruits, vegetables and grains. Additionally, Norway relies on its imports of industrial supplies in order to produce its industrial machinery, which it then exports. Globalization and Norway's interdependent relationships has had a positive effect on its economy. The discovery of oil off the Norwegian Continental Shelf in the 1960's greatly impacted the country as it became a major oil exporter
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Photo Credit:"Lofoten Sunny View," by Soren Schaper, August 18, 2013 via Flickr is licensed under CC-BY-ND 2.0
PurposeThis site was created for the purposes of a class project in World Social Studies. I appreciate any comments or suggestions on my webpage.
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