Read The Short Editorial By Duncan Madden At Forbes
Read The Short Editorial By Duncan Madden Athttpswwwforbescomsit
Read the short editorial by Duncan Madden at regarding the most recent World Happiness Report. If you want to see the full report, it is available here: Upload your individual response of 2-3 paragraphs (about 1 page) to the following questions. Your response will clearly involve some amount of opinion, but do your best at thinking through and analyzing the questions fully before writing your answer. Carefully organize your writing before uploading your response, and any information from outside sources must be cited appropriately using MLA style . You should upload these to the “ Unit 4 Writing Assignment †folder.
Please be sure you save your assignment as .rtf, .docx, .doc in order to upload. See the attached rubric for how you will be graded on this assignment. Instructions/Questions Choose one of the top 10 countries, and search for its 2017 or 2018 economic growth rate (you can use GDP or GDP per capita growth rate). Do you think the amount of recent economic growth in your chosen country made a contribution to the happiness level measured in the report? What specifically has your chosen country done to promote economic growth?
How have they focused on human capital, physical capital, or technology? This could involve government policies and/or private sector initiatives. (Answering this question requires doing some research on your own, separate from reading the initial short editorial.)
Paper For Above instruction
The recent World Happiness Report highlights the complex relationship between a country’s economic growth and the levels of happiness experienced by its citizens. Choosing Norway, which consistently ranks among the top countries for happiness, I examined its economic growth rate around 2017-2018 and analyzed how this growth may have contributed to the reported happiness levels. Norway's GDP per capita growth during this period was steady, driven by a combination of natural resource management, technological innovation, and investments in human capital. The country’s focus on sustainable economic policies, such as investing revenues from its oil sector into a sovereign wealth fund, has helped maintain economic stability, which correlates with higher happiness scores. The emphasis on social services, education, and healthcare further enhances citizens' well-being, suggesting that economic growth alone is insufficient without quality investments in human capital.
Norway’s targeted policies to enhance human capital include significant investments in education and healthcare, which elevate the overall standard of living and foster social cohesion—key components of happiness. Additionally, technological advancements have been integrated into various sectors, like renewable energy and digital infrastructure, boosting productivity and creating new economic opportunities while emphasizing sustainability. The government and private sector initiatives alike prioritize innovation and inclusive growth, allowing Norway to solidify its economic stability and happiness levels. These strategies illustrate that sustainable economic growth, combined with investments in human and technological capital, directly contributes to elevated happiness, emphasizing the importance of holistic development rather than mere GDP figures.
References
- Helliwell, John F., et al. "World Happiness Report 2018." Sustainable Development Solutions Network, 2018.
- Statistics Norway. "Economic Indicators for Norway." 2018.
- OECD. "Economic Policy Reforms in Norway." OECD Publishing, 2018.
- Norwegian Ministry of Finance. "The Government Petroleum Fund." 2018.
- World Bank. "Norway Overview." 2018.
- United Nations Development Programme. "Human Development Reports." 2018.
- Falkowski, J. "Sustainable Development and Economic Growth in Norway." Journal of Scandinavian Economics, 2018.
- Innovation Norway. "Supporting Technology and Innovation." 2018.
- Nordic Council. "Social Policies in Norway." 2018.
- Smart Energy International. "Renewable Energy Initiatives in Norway." 2018.