Subtitles section Play video Print subtitles The Nordic state of Denmark is consistently ranked high in measures of happiness and quality of life, but Danes pay high taxes to enjoy such a standard of living. So as a whole, how powerful is Denmark? As the smallest and southernmost of the Nordic countries, The Kingdom of Denmark covers roughly 16,500 square miles, surrounded by Germany, Sweden, Norway, and the United Kingdom. The country is very homogeneous, with nearly 90 percent of its roughly five and a half million people being ethnically Danish. Denmark has a mixed economy -- it produces high-tech exports in a highly industrialized market and relies heavily on foreign trade. Denmark is one of nine European Union countries that has not adopted the euro, per an agreement to opt out of the currency from 1993. Nonetheless, Denmark enjoys a stable currency and a GDP of roughly $300 billion dollars with a focus on high-tech agriculture, maritime shipping, renewable energy and exports in food, oil and gas. Once a country that relied almost solely on imported oil, Denmark reportedly now uses its own fossil fuels more efficiently than anywhere else in the world. It was the first country to build offshore wind farms, and it ranked first in The World Energy Council’s 2016 global sustainable energy index. Denmark is also a model of equality and social welfare: the government is known for equitable distribution of income, promoting a high standard of living. Danes get free or heavily subsidized health care, free education, and work compensation when they’re out sick or on parental leave. But these benefits come at a high price: Danes are heavily taxed,. Today, for the highest earners, the average income tax is nearly 56 percent, but in the past two decades, it has risen higher than 60 percent. Militarily, Denmark is less powerful than its Scandinavian neighbors Norway and Sweden, though it maintains more military reserves than both of these countries individually, although it spends several billion dollars less than each on defense. With nearly 90,000 defense personnel, Denmark ranks 50th out of 126 worldwide. It is, distinctively, the only Nordic country which is both a member of the EU and NATO. As a member of NATO, Denmark hold strong relations with world powers like the United States. Since 2002, Denmark has continuously been involved in wars and interventions in the Middle East including the fight against ISIS. Like many European nations, Denmark is experiencing social and political change. The country has seen a steady rise in right wing nationalism, especially following the backlash against the publication of an inflammatory cartoon depicting Islam’s prophet unfavorably in 2005. While some called it blasphemy, others called it free speech, rousing debate on the subject worldwide. More recently, Denmark has taken a hardline against the migrant crisis, passing several bills to limit the number of asylum seekers in the country. In early 2016, the United Nations condemned the country’s proposed anti-migrant measures including one that would allow police to seize the assets of asylum seekers. But while Denmark is struggling to deal with the crisis, its citizens seem more open to accepting asylum seekers than its government. Despite a rise in right-wing sentiment, the country continues to pride itself on its history of compassion. For its population, if quality of life is any indicator, Denmark stands as a powerful nation. We can’t do episodes like this without our sponsors! If you’re looking for nutritionist-approved snacks that never use GMO ingredients, trans fats, artificial colors or flavors, check out Graze.com. Graze.com combines wholesome ingredients with the flavors we all love to create over 100 exciting snacks. Go to graze.com and enter the promo code SEEKER to get a free sampler box! Denmark is one of several countries to implement socialism as part of their economic process, creating a social safety net, while also encouraging private businesses. Many have pointed to this as the reason for their regularly high marks in economy and standard of living, but is Denmark really a socialist utopia? find out in this video. Well, social democracy is a limited form of socialism. It differs from outright socialism in that workers do not own the means of production. Under such a system, sometimes referred to as the "Nordic model," businesses are not nationalized and private competitio is encouraged. Thanks for watching Seeker Daily, don’t forget to like and subscribe, so you get new videos every day.
B1 denmark nordic country graze socialism asylum How Powerful Is Denmark? 121 17 BH posted on 2016/12/31 More Share Save Report Video vocabulary