With the incredible success of pharmaceutical company Novo Nordisk, Denmark has seen a surge in economic prosperity. However, as correspondent Jon Wertheim explores in this insightful video, there may be a “Nokia risk” lurking on the horizon.
Looking back at the downfall of former mobile giant Nokia, we are reminded of the dangers of becoming too reliant on one industry or company for economic stability. Just like Nokia was once a powerhouse in the mobile phone industry before falling from grace, could Novo Nordisk face a similar fate for Denmark?
As Denmark celebrates the success of Novo Nordisk, it is important to consider the potential risks that come with such dominance in one sector. Will Denmark diversify its economy to avoid the pitfalls of a “Nokia risk,” or will it continue to ride the wave of Novo Nordisk’s success?
This video provides a fascinating look at the complexities of economic development and the challenges that come with it. As Denmark navigates its future, the lessons from Nokia serve as a cautionary tale for what could happen if the country does not take proactive steps to mitigate potential risks.
Watch the video by 60 Minutes
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Video “With Novo Nordisk success, is there a “Nokia risk” for Denmark?” was uploaded on 11/04/2024 to Youtube Channel 60 Minutes