Denmark, during its peak of colonization from 1536 until 1945, had bases in Europe, South America, Africa, and Asia. They built small areas for trading and defense in Africa, and had a small colony in the southern coast of India. Some of their colonized islands were sold to the United States after a time, but Denmark kept up some trading posts in India, since a main source of revenue was the spice trade.
England was first to go through the industrial boom, and because Denmark is so close, they were able to quickly accrue the benefits of this industrialization and economic development. Denmark was focused on agriculture for a long time, until the 1950s. Because most of its residents were wealthy, the ratio of agriculture to labor gave Denmark an unusually strong advantage when it came to agriculture and economic benefits.
There are 9 Fortune 500 companies in Denmark. Maersk, a shipping and energy company; Novo Nordisk, a pharmaceutical company; Carlsberg, a brewing company; TDC A/S, a telecommunications industry; Jyske Bank; Novozymes, a bio technical company; Sydbank, a large bank; Coloplast, a health industry; and Vestas, a wind turbine manufacturer, are all the Fortune 500 companies based in Denmark.
Besides people, Denmark's main sources of industry and production are oil and gas. Main exports include industrially produced and manufactured products and agricultural products. They have no foreign debts because all countries they trade with owe them more than Denmark owes other countries. Although Denmark's main sources of industry are gas and oil, they also focus on wind and bio energy, so other main exports are machinery.
Denmark is parliamentary and representative democracy-run. It is a monarchy with a milti-party system in which no party in particular has held majority since early in the 1900s. Most bills aren't passed without negotiations and cooperation. Denmark is a welfare model country, thus focusing on issues with its citizens and honing in on local government. People in Denmark have been very happy with their political situation and is considered by other organizations globally to be one of the least corrupt countries.
Now, since Denmark was a colonizer, using other countries to aid its own growth, it makes sense that it would be doing better. Additionally, it was able to reap the benefits of the industrialization from England without having to be the first country to implement it. Additionally, it was able to use the techniques for better production from England while balancing its agrarian traditions, keeping it environmentally healthy while being able to grow their economy. It has a good number of wealthy companies, some of which are focused on environmentalism, reflected in their push to help create renewable resources. Their good economy, well-run government, and push for sustainable energy all help their environment, and in turn keep stimulating their economy.
Great conclusion paragraph. Very well written. Interesting connection to England.
ReplyDeleteGreat conclusion paragraph. Very well written. Interesting connection to England.
ReplyDeleteGood background and detail! I like that you explored the activities of the Fortune 500 firms.
ReplyDelete