Johnny Munkhammar skrev på denna blogg från 2004 till sin död 2012. Bloggen är upprätthållen som ett minne och som referens till Johnnys arbete av Johnny Munkhammars minnesfond.

This blog was operated by Johnny Munkhammar from 2004 until 2012 when he passed away. This blog is now in a memorialized state and operated by the Johnny Munkhammar fund.
Prenumerera på nyhetsbrevet
Tuesday 05/03/2024, 13:52:19

05/11/2004 1:18:57 pm
Morning in Iceland. Iceland, where I currently am, has been an economic success story in recent years. In the 1990?s Iceland had one of the highest GDP growths in the world. Last year GDP grew by over 4 per cent. Now their GDP per capita is over 36 000 dollars. Labour force participation is 81,5 per cent and unemployment is 2,6 per cent. This is primarily the results of market-oriented reforms, led by Prime Minister David Oddson. Low inflation, de-regulated markets and lower taxes leads to increased prosperity. Surely, Iceland is a beutiful, wild, place. But it hardly strikes you as a place destinated by nature to be welthy. It is cold (very!), rocky and far away from everything. This just shows that a free economy can make any place prosperous.

The house in Reykjavik where Mikhail Gorbachev and Ronald Reagan met on October 11-12th 1986 dicussing nuclear disarmaments; one first step towards the end of the cold war.
Some key figures for Iceland?s economy - >

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