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History of Norway


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tax cuts, economic liberalization, deregulation of markets, and measures to curb the record-high inflation (13.6% in 1981).

Norway's first female prime minister, Gro Harlem Brundtland of the Labour party, continued many of the reforms of her right-wing predecessor, while backing traditional Labour concerns such as social security, high taxes, the industrialization of nature, and feminism. By the late 1990s, Norway had paid off its foreign debt and had started accumulating a sovereign wealth fund. Since the 1990s, a divisive question in politics has been how much of the income from petroleum production the government should spend, and how much it should save.

In 2011 Norway suffered a pair of devastating attacks conducted by Anders Behring Breivik which struck the government quarter in Oslo and a summer camp of the Labour party's youth movement at Utøya island, resulting in 77 deaths and 96 wounded
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