Answers Quote by Erna Solberg
“The future of Norway isn’t about competing on being the cheapest but the most innovative. We have an expensive welfare state and the only answer to continue that way is to become more competitive, especially on knowledge,”
About This Quote
Source Speech: Economic Outlook, Norway, 2021
Norway must shift from low‑cost competition to innovation‑driven growth, leveraging its welfare model while boosting knowledge‑based competitiveness.
In simple terms: Focus on innovation, not cheapness, to sustain welfare.
Key Takeaway
Invest in knowledge and creativity.
Themes
innovation
economics
competitiveness
welfare state
Mood
determined
optimistic
Type
policy
motivational
When to use this quote
- government strategy meetings
- business development
- education reform
Key Concepts
knowledge economy
public policy
Questions to Reflect On
- What policies best foster innovation?
- How can welfare be preserved while becoming more competitive?
A Different Perspective
Innovation can be costly and unevenly distributed.
