NORWAY: FOSS SWALLOWS BITTER OECD PILL.(Brief Article)

IPR Strategic Business Information Database, September, 2002

The OECD's report on the Norwegian economy does not make pleasant reading. Ordinary people will be hit hard if the politicians follow the OECD's recommendations. The organization, which every 18 months publishes its analysis of the state of every member country's economic health, is not particularly impressed by how we Norwegians are using our oil wealth.

An over-inflated public sector, too low retirement age, too high wage levels and high rates of absenteeism in the workplace are factors, which the OECD economists are not happy about. The report goes right to the heart of the political debate in Norway because the OECD's experts are highly critical of the efforts so far made by the Pensions Commission under the leadership of former Finance Minister Sigbjorn...

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