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Hmmm.. Well, some part of that is true.. But I don't think it's the biggest issue..joesoap101 wrote:This situation is occuring in many countries in the EU and Japan for example. They will wake up and panic when their pension and welfare systems take a hit!
So essentially Norway will be a country full of pensioners and the population will keep declining. The petroleum fund also will not last indefinitely and the north sea is running dry- in fact Britain has become a net importer of crude due to large decrease in production in the north sea.Morten80 wrote:Hmmm.. Well, some part of that is true.. But I don't think it's the biggest issue..joesoap101 wrote:This situation is occuring in many countries in the EU and Japan for example. They will wake up and panic when their pension and welfare systems take a hit!
The Government Pension Fund - Global (Norwegian: Statens pensjonsfond - Utland) is a fund where the surplus wealth produced by Norwegian petroleum income is put. The fund changed name in January 2006 from its previous name The Petroleum Fund of Norway. The fund is commonly referred to as The Petroleum Fund (Norwegian: Oljefondet). As of the valuation in June 2007, it is the largest pension fund in Europe and the second largest in the world [1] with a value of NOK 1.939 trillion, although it is not actually a pension fund as it derives its financial backing from oil profits and not pensioners.
The purpose of the petroleum fund is to invest parts of the large surplus generated by the Norwegian petroleum sector, generated mainly from taxes of companies, but also payment for license to explore as well as the State's Direct Financial Interest and dividens from the partial ownership of StatoilHydro. It is predicted that revenue from the petroleum sector is now in its peak period and will decline over the next decades. The Petroleum Fund was established in 1990 after a decision by the legislature assembly Storting to counter the effects of the forthcoming decline in income and to smooth out the disrupting effects of highly fluctuating oil prices.
The fund is administered by Norges Bank Investment Management (NBIM), a part of the Norwegian Central Bank. It is currently the largest pension fund in Europe and similar in size to the California public-employees pension fund (CalPERS), the largest public pension fund in the United States. NBIM forecasts that the fund will reach NOK 3.044 trillion by the end of 2009. Since 1998 the fund has been allowed to invest up to 50% of its portfolio in the international stock market.
Indeed.joesoap101 wrote: Immigrants can potentially solve part of this problem, if they are selected properly.
The answer is that most countries are now looking for the 'right kind' of immigrants'(highly skilled) as many a lesson has been learned from the experiences of countries like France, UK and Holland with large scale low skilled immigration of the 'wrong kind'..amzad wrote:if norway';s population growth is only .38% why are they making it so difficult to imigrate into norway? it seems they need people to go in there to maintain the population
It is more likely that Poland Romania Bulgaria will import massively low skilled workers not from non-white countries but from Ukraine, Belarus even Serbia, Macedonia.pierre75 wrote:Reality is that France, UK, Holland ... want both highly skilled migrants from the full world and low skilled migrants only from white east Europe ...
The irony is that now Romania, Poland ... will have to import massively low skilled workers from non-white countries and the kids of these migrants will have the right to migrate to west european countries ...
What do you mean "will have to" they already do and have been doing so for a few years.pierre75 wrote: The irony is that now Romania, Poland ... will have to import massively low skilled workers from non-white countries and the kids of these migrants will have the right to migrate to west european countries ...