The Financial Crisis

  • Halvor Holtskog
  • Elias G. Carayannis
  • Aris Kaloudis
  • Geir Ringen
Chapter
First Online:
Part of the Palgrave Studies in Democracy, Innovation, and Entrepreneurship for Growth book series (DIG)

Abstract

This chapter explores the reasons why the Norwegian industry performed well during the financial crisis and we draw the general lessons that can be learned from this. The chapter relies on the results of an extensive survey investigating how the economic crisis resulted in increased efficiency and effectiveness in Norwegian manufacturing. It paves the way for the remainder of the book by asking how such positive results can emerge out of an external shock, a crisis. This chapter also discusses how to understand the findings from the Norwegian case in a global context. Interestingly, the first part of the survey was completed before the financial crisis, and the second in its aftermath, offering a unique before-after situation analysis of business perspectives.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Halvor Holtskog
    • 1
  • Elias G. Carayannis
    • 2
  • Aris Kaloudis
    • 3
  • Geir Ringen
    • 1
  1. 1.Department of Manufacturing and Civil EngineeringNorwegian University of Science and TechnologyGjøvikNorway
  2. 2.School of BusinessGeorge Washington UniversityWashingtonUSA
  3. 3.Department of Industrial Economics and Technology ManagementNorwegian University of Science and TechnologyGjøvikNorway

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