A few days ago, I posted a blog entry about the Nordic success story and begged the question, could it work in Newfoundland and Labrador?
The Scandanavian countries embarked on a policy agenda that turned around their economies through investing in people, diversification, education innovation, social inclusion and sound public management.
These countries, in particular Norway, are blessed with natural resources but their success is based on a desire to create a sustainable society and not squander it's riches. The result is political culture that is based on a broad social consensus between the public and private sectors with a significant role for the government in economic planning.
This month's Policy Options Magazine features a thought provoking article by Greg Poelzer ( associate professor of political studies and director of the International Centre for Northern Governance and Development at the University of Saskatchewan. He is also head of the Northern Governance Thematic Network, University of the Arctic) which examines the smart policy decisions and the strategic use and investment of natural resource revenue in Norway. He compares this with the potential for a new Saskatchewan based on the Nordic model.
I hope you can take the time to read this article, as the Nordic model offers potential for our province as well.