A valuable resource: 'trust' as Nordic gold

While we may not have much in the way of oil reserves (excepting Norway) or gold deposits, the Baltic states and the wider Nordic region do have other valuable resource on which to draw. One of them is not even a physical thing, but is instead a concept: trust, says Ulf Andreasson from the Policy Analysis Department at the Nordic Council of Ministers.

LTV's Toms Pastors spoke with Andreasson while he was in Rīga to talk at the Stockholm School of Economics about a report he wrote on the subject titled  “Trust – the Nordic Gold”, published by the Nordic Council of Ministers and concerning, more specifically, social trust.

The Nordic region is regarded as a world leader when it comes to social trust among its population. The research literature in the field suggests that a high level of social trust is perhaps the most important resource for a society in both economic and other terms. Consequently, as the title of the report implies, trust can be regarded as a type of gold for the Nordic countries.

The report is available to read from the Nordic Council of Ministers and the interview can be seen above.

 

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