Denmark Was Like Greece, Now It’s Really Happy

Discussion in 'Economics' started by OddTrader, Mar 21, 2017.

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  2. zdreg

    zdreg

    “Now, the country is among the absolute strongest with a record-high current account surplus and strong public finances.
    Denmark is unlike the US, which was lead down the primrose road of deficits by Bush and Obama. when it comes to the economic health of the US, Trump seems as clueless as the two prior presidents.

    plus the US is not as happy as it was in the past.
     
  3. Denmark's government is doing such an amazing job.
     
  4. JSOP

    JSOP

    That's an incomplete report. You can't just choke off borrowing to reach prosperity. I mean yes, prudent fiscal and monetary policy is a sound way to manage money but to obtain prosperity, you must be able to EARN money otherwise you would still have to resort to borrowing to make ends meet (especially if you are accepting large migrants which is the next thing that Denmark needs to control IF it doesn't want to see itself borrowing again).

    The problem with Greece isn't just with its borrowing; it's because it REALLY cannot do anything to earn positive revenue. Right off the bat, Greece doesn't have high-revenue luxury products/services like Rolex watches that can amass thousands of $$'s a sale. All it sells are low-cost, cheap everyday items which it can't sell right now because of the expensive Euro that it's been forced to adopt.

    Denmark is able to have strong economy not simply because it restricted borrowing; it's mainly because it's making money, lots of it doing something right which this article didn't mention at all. And whatever it's doing right, maybe it can share with Greece right now to help Greece out a little?
     
  5. True indeed!

    https://en.wikipedia.org/wiki/Economy_of_Denmark

     
  6. Just like South Korea. Having long-time invested in science and technology could be the main key, especially including heavy research based STEM education, imo!

    [​IMG] With an investment of 8.5 million euros over the ten-year construction period, Denmark confirms participation in E-ELT.[125]
     
    Last edited: Mar 21, 2017
  7. Both the Crown Prince Frederik and Prince Joachim were married with immigrants, one from Australia and another from Hong Kong!

    Something Greece is hard to learn, perhaps!

    https://en.wikipedia.org/wiki/Mary,_Crown_Princess_of_Denmark

    [​IMG]
    Crown Princess Mary in 2011
    Born 5 February 1972 (age 45)
    Hobart, Tasmania, Australia
    Spouse Frederik, Crown Prince of Denmark (m. 2004)

    https://en.wikipedia.org/wiki/Alexandra,_Countess_of_Frederiksborg

    [​IMG]
    Alexandra visiting Aalborg, Denmark in 2004.
    Born 30 June 1964 (age 52)
    Hong Kong
    Spouse Prince Joachim of Denmark
    (m. 1995; div. 2005)
    Martin Jørgensen
    (m. 2007; div. 2015)
     
    Last edited: Mar 21, 2017
  8. JSOP

    JSOP

    NOT all immigrants and migrants are built the same. Not to be discriminatory but just being realistic and objective. And with the above two, very sadly, the Prince Joachim and his Hong Kongese immigrant wife Alexandra is now divorced, nothing related to the quality of immigrant herself of course.
     
  9. Besides, building international connections and bones, especially with 2 resourceful countries Australia and China which is also an emerging huge consumption market, would be their proven success. imo
     
    Last edited: Mar 22, 2017
  10. and Trump wants to bring back low-paying manufacturing jobs ...
     
    #10     Mar 22, 2017