27/8/2014

Norway : trust and economic growth

Why Norway does not have the oil curse.

We trust the government. We believe our tax money will be spent wisely. once you start trusting that others are contributing their share then you are happy to contribute yours.”

So is Norway rich because of Norwegians high level of trust, or are its citizens trusting because they are rich?

I think it is both,” says Prof Cappelen. High levels of trust make economic growth easier.

What can other countries say about trust? For example, Can improving the trust between the indigenous population and the Australian governments make the future better?


Humanomics


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