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What is a code list in EDI?

Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners.An EDI document is comprised of data elements, segments and envelopes that are formatted according to the rules of a particular EDI standard.so its uses a list of codes for standard proceduressome of them areEDI 102 – Associated DataEDI 242 – Data Status TrackingEDI 815 – Cryptographic Service MessageEDI 864 – Text MessageEDI 868 – Electronic Form StructureEDI 993 – Secured Receipt or AcknowledgmentEDI 997 – Functional AcknowledgmentEDI 999 – Implementation AcknowledgmentX12F FinanceEDI 130 – Student Educational Record (Transcript)EDI 131 – Student Educational Record (Transcript) AcknowledgmentEDI 132 – Human Resource InformationEDI 133 – Educational Institution RecordEDI 135 – Student Aid Origination RecordEDI 138 – Education Testing and Prospect Request and ReportEDI 139 – Student Loan Guarantee ResultEDI 144 – Student Loan Transfer and Status VerificationEDI 146 – Request for Student Educational Record (Transcript)EDI 147 – Response to Request for Student Educational Record (Transcript)EDI 155 – Business Credit ReportEDI 188 – Educational Course InventoryEDI 189 – Application for Admission to Educational InstitutionsEDI 190 – Student Enrollment VerificationEDI 191 – Student Loan Pre-Claims and ClaimsEDI 197 – Real Estate Title EvidenceEDI 198 – Loan Verification InformationEDI 199 – Real Estate Settlement InformationEDI 200 – Mortgage Credit ReportEDI 201 – Residential Loan ApplicationEDI 202 – Secondary Mortgage Market Loan DeliveryEDI 203 – Secondary Mortgage Market Investor ReportEDI 205 – Mortgage NoteEDI 206 – Real Estate InspectionEDI 245 – Real Estate Tax Service ResponseEDI 248 – Account Assignment/Inquiry & Service/StatusEDI 259 – Residential Mortgage Insurance Explanation of BenefitsEDI 260 – Application for Mortgage Insurance BenefitsEDI 261 – Real Estate Information RequestEDI 262 – Real Estate Information ReportEDI 263 – Residential Mortgage Insurance Application ResponseEDI 264 – Mortgage Loan Default StatusEDI 265 – Real Estate Title Insurance Services OrderEDI 266 – Mortgage or Property Record Change NotificationEDI 810 – InvoiceEDI 811 – Consolidated Service Invoice/StatementEDI 812 – Credit/Debit AdjustmentEDI 814 – General Request, Response or ConfirmationEDI 819 – Joint Interest Billing and Operating Expense StatementEDI 820 – Payment Order/Remittance AdviceEDI 821 – Financial Information ReportingEDI 822 – Account AnalysisEDI 823 – LockboxEDI 824 – Application AdviceEDI 827 – Financial Return NoticeEDI 828 – Debit AuthorizationEDI 829 – Payment Cancellation RequestEDI 831 – Application Control TotalsEDI 833 – Mortgage Credit Report OrderEDI 844 – Product Transfer Account AdjustmentEDI 849 – Response to Product Transfer Account AdjustmentEDI 872 – Residential Mortgage Insurance ApplicationEDI 880 – Grocery Products InvoiceX12G GovernmentEDI 103 – Abandoned Property FilingsEDI 105 – Business Entity FilingsEDI 113 – Election Campaign & Lobbyist ReportingEDI 149 – Notice of Tax Adjustment or AssessmentEDI 150 – Tax Rate NotificationEDI 151 – Electronic Filing of Tax Return Data AcknowledgmentEDI 152 – Statistical Government InformationEDI 153 – Unemployment Insurance Tax Claim or Charge InformationEDI 154 – Secured Interest FilingEDI 157 – Notice of Power of AttorneyEDI 158 – Tax Jurisdiction SourcingEDI 175 – Court and Law Enforcement NoticeEDI 176 – Court SubmissionEDI 179 – Environmental Compliance ReportingEDI 185 – Royalty Regulatory ReportEDI 194 – Grant or Assistance ApplicationEDI 195 – Federal Communications Commission (FCC) License ApplicationEDI 196 – Contractor Cost Data ReportingEDI 249 – Animal Toxicological DataEDI 251 – Pricing SupportEDI 280 – Voter Registration InformationEDI 283 – Tax or Fee Exemption CertificationEDI 284 – Commercial Vehicle Safety ReportsEDI 285 – Commercial Vehicle Safety and Credentials Information ExchangeEDI 286 – Commercial Vehicle CredentialsEDI 288 – Wage DeterminationEDI 500 – Medical Event ReportingEDI 501 – Vendor Performance ReviewEDI 511 – RequisitionEDI 517 – Material Obligation ValidationEDI 521 – Income or Asset OffsetEDI 527 – Material Due-In and ReceiptEDI 536 – Logistics ReassignmentEDI 540 – Notice of Employment StatusEDI 561 – Contract AbstractEDI 567 – Contract Completion StatusEDI 568 – Contract Payment Management ReportEDI 650 – Maintenance Service OrderEDI 805 – Contract Pricing ProposalEDI 806 – Project Schedule ReportingEDI 813 – Electronic Filing of Tax Return DataEDI 826 – Tax Information ExchangeEDI 836 – Procurement NoticesEDI 838 – Trading Partner ProfileEDI 839 – Project Cost ReportingEDI 996 – File TransferX12I TransportationEDI 104 – Air Shipment InformationEDI 106 – Motor Carrier Rate ProposalEDI 107 – Request for Motor Carrier Rate ProposalEDI 108 – Response to a Motor Carrier Rate ProposalEDI 109 – Vessel Content DetailsEDI 110 – Air Freight Details and InvoiceEDI 120 – Vehicle Shipping OrderEDI 121 – Vehicle ServiceEDI 125 – Multilevel Railcar Load DetailsEDI 126 – Vehicle Application AdviceEDI 127 – Vehicle Baying OrderEDI 128 – Dealer InformationEDI 129 – Vehicle Carrier Rate UpdateEDI 160 – Transportation Automatic Equipment IdentificationEDI 161 – Train SheetEDI 163 – Transportation Appointment Schedule InformationEDI 204 – Motor Carrier Load TenderEDI 210 – Motor Carrier Freight Details and InvoiceEDI 211 – Motor Carrier Bill of LadingEDI 212 – Motor Carrier Delivery Trailer ManifestEDI 213 – Motor Carrier Shipment Status InquiryEDI 214 – Transportation Carrier Ship. Status MessageEDI 215 – Motor Carrier Pick-up ManifestEDI 216 – Motor Carrier Shipment Pick-up NotificationEDI 217 – Motor Carrier Loading and Route GuideEDI 219 – Logistics Service RequestEDI 220 – Logistics Service ResponseEDI 222 – Cartage Work AssignmentEDI 223 – Consolidators Freight Bill and InvoiceEDI 224 – Motor Carrier Summary Freight Bill ManifestEDI 225 – Response to a Cartage Work AssignmentEDI 227 – Trailer Usage ReportEDI 228 – Equipment Inspection ReportEDI 240 – Motor Carrier Package StatusEDI 250 – Purchase Order Shipment Management DocumentEDI 300 – Reservation (Booking Request) (Ocean)EDI 301 – Confirmation (Ocean)EDI 303 – Booking Cancellation (Ocean)EDI 304 – Shipping InstructionsEDI 309 – Customs ManifestEDI 310 – Freight Receipt and Invoice (Ocean)EDI 311 – Canada Customs InformationEDI 312 – Arrival Notice (Ocean)EDI 313 – Shipment Status Inquiry (Ocean)EDI 315 – Status Details (Ocean)EDI 317 – Delivery/Pickup OrderEDI 319 – Terminal InformationEDI 322 – Terminal Operations and Intermodal Ramp ActivityEDI 323 – Vessel Schedule and Itinerary (Ocean)EDI 324 – Vessel Stow Plan (Ocean)EDI 325 – Consolidation of Goods in ContainerEDI 326 – Consignment Summary ListEDI 350 – Customs Status InformationEDI 352 – U.S. Customs Carrier General Order StatusEDI 353 – Customs Events Advisory DetailsEDI 354 – U.S. Customs Auto. Manifest Archive StatusEDI 355 – U.S. Customs Acceptance/RejectionEDI 356 – U.S. Customs Permit to Transfer RequestEDI 357 – U.S. Customs In-Bond InformationEDI 358 – Customs Consist InformationEDI 359 – Customs Customer Profile ManagementEDI 361 – Carrier Interchange Agreement (Ocean)EDI 404 – Rail Carrier Shipment InformationEDI 410 – Rail Carrier Freight Details and InvoiceEDI 412 – Trailer or Container Repair BillingEDI 414 – Rail Carhire SettlementsEDI 417 – Rail Carrier Waybill InterchangeEDI 418 – Rail Advance Interchange ConsistEDI 419 – Advance Car DispositionEDI 420 – Car Handling InformationEDI 421 – Estimated Time of Arrival & Car SchedulingEDI 422 – Equipment OrderEDI 423 – Rail Industrial Switch ListEDI 424 – Rail Carrier Services SettlementEDI 425 – Rail Waybill RequestEDI 426 – Rail Revenue WaybillEDI 429 – Railroad Retirement ActivityEDI 431 – Railroad Station Master FileEDI 432 – Rail DeprescriptionEDI 433 – Railroad Reciprocal Switch FileEDI 434 – Railroad Mark Register Update ActivityEDI 435 – Standard Transportation Commodity Code MasterEDI 436 – Locomotive InformationEDI 437 – Railroad Junctions & Interchanges ActivityEDI 440 – Shipment WeightsEDI 451 – Railroad Event ReportEDI 452 – Railroad Problem Log Inquiry or AdviceEDI 453 – Railroad Service Commitment AdviceEDI 455 – Railroad Parameter Trace RegistrationEDI 456 – Railroad Equipment Inquiry or AdviceEDI 460 – Railroad Price Distribution Request or ResponseEDI 463 – Rail Rate ReplyEDI 466 – Rate RequestEDI 468 – Rate Docket Journal LogEDI 470 – Railroad ClearanceEDI 475 – Rail Route File MaintenanceEDI 485 – Ratemaking ActionEDI 486 – Rate Docket ExpirationEDI 490 – Rate Group DefinitionEDI 492 – Miscellaneous RatesEDI 494 – Rail Scale RatesEDI 601 – U.S. Customs Export Shipment InformationEDI 603 – Transportation Equipment RegistrationEDI 715 – Intermodal Group Loading PlanEDI 854 – Shipment Delivery Discrepancy Info.EDI 858 – Shipment InformationEDI 859 – Freight InvoiceEDI 920 – Loss or Damage Claim – Gen. CommoditiesEDI 924 – Loss or Damage Claim – Motor VehicleEDI 925 – Claim TracerEDI 926 – Claim Status Report and Tracer ReplyEDI 928 – Automotive Inspection DetailEDI 980 – Functional Group TotalsEDI 990 – Response to a Load TenderEDI 998 – Set CancellationX12M Supply ChainEDI 101 – Name and Address ListsEDI 140 – Product RegistrationEDI 141 – Product Service Claim ResponseEDI 142 – Product Service ClaimEDI 143 – Product Service NotificationEDI 159 – Motion Picture Booking ConfirmationEDI 170 – Revenue Receipts StatementEDI 180 – Return Merchandise Authorization & NotificationEDI 244 – Product Source InformationEDI 290 – Cooperative Advertising AgreementsEDI 503 – Pricing HistoryEDI 504 – Clauses and ProvisionsEDI 620 – Excavation CommunicationEDI 625 – Well InformationEDI 753 – Request For Routing InstructionsEDI 754 – Routing InstructionsEDI 816 – Organizational RelationshipsEDI 818 – Commission Sales ReportEDI 830 – Planning Schedule w/ Release CapabilityEDI 832 – Price/Sales CatalogEDI 840 – Request for QuotationEDI 841 – Specifications/Technical InformationEDI 842 – Nonconformance ReportEDI 843 – Response to Request for QuotationEDI 845 – Price Authorization Acknowledgment/StatusEDI 846 – Inventory Inquiry/AdviceEDI 847 – Material ClaimEDI 848 – Material Safety Data SheetEDI 850 – Purchase OrderEDI 851 – Asset ScheduleEDI 852 – Product Activity DataEDI 853 – Routing and Carrier InstructionEDI 855 – Purchase Order AcknowledgmentEDI 856 – Ship Notice/ManifestEDI 857 – Shipment and Billing NoticeEDI 860 – Purchase Order Change Request – Buyer InitiatedEDI 861 – Receiving Advice/Acceptance CertificateEDI 862 – Shipping ScheduleEDI 863 – Report of Test ResultsEDI 865 – Purchase Order Change Acknowledgment/Request – Seller InitiatedEDI 866 – Production SequenceEDI 867 – Product Transfer and Resale ReportEDI 869 – Order Status InquiryEDI 870 – Order Status ReportEDI 873 – Commodity Movement ServicesEDI 874 – Commodity Movement Services ResponseEDI 875 – Grocery Products Purchase OrderEDI 876 – Grocery Products Purchase Order ChangeEDI 877 – Manufacturer Coupon Family Code StructureEDI 878 – Product Authorization/De-authorizationEDI 879 – Price InformationEDI 881 – Manufacturer Coupon Redemption DetailEDI 882 – Direct Store Delivery Summary InformationEDI 883 – Market Development Fund AllocationEDI 884 – Market Development Fund SettlementEDI 885 – Retail Account CharacteristicsEDI 886 – Customer Call ReportingEDI 887 – Coupon NotificationEDI 888 – Item MaintenanceEDI 889 – Promotion AnnouncementEDI 890 – Contract & Rebate ManagementEDI 891 – Deduction Research ReportEDI 893 – Item Information RequestEDI 894 – Delivery/Return Base RecordEDI 895 – Delivery/Return Acknowledgment or AdjustmentEDI 896 – Product Dimension MaintenanceEDI 940 – Warehouse Shipping OrderEDI 943 – Warehouse Stock Transfer Shipment AdviceEDI 944 – Warehouse Stock Transfer Receipt AdviceEDI 945 – Warehouse Shipping AdviceEDI 947 – Warehouse Inventory Adjustment AdviceX12N InsuranceEDI 100 – Insurance Plan DescriptionEDI 111 – Individual Insurance Policy & Client Info.EDI 112 – Property Damage ReportEDI 124 – Vehicle DamageEDI 148 – Report of Injury, Illness, or IncidentEDI 186 – Insurance Underwriting Requirements ReportingEDI 187 – Premium Audit Request and ReturnEDI 252 – Insurance Producer AdministrationEDI 255 – Underwriting Information ServicesEDI 256 – Periodic CompensationEDI 267 – Individual Life Annuity & Disability ApplicationEDI 268 – Annuity ActivityEDI 269 – Health Care Benefit Coordination VerificationEDI 270 – Eligibility, Coverage or Benefit InquiryEDI 271 – Eligibility, Coverage or Benefit InformationEDI 272 – Property and Casualty Loss NotificationEDI 273 – Insurance/Annuity Application StatusEDI 274 – Health Care Provider InformationEDI 275 – Patient InformationEDI 276 – Health Care Claim Status RequestEDI 277 – Health Care Information Status NotificationEDI 278 – Health Care Services Review InformationEDI 362 – Cargo Insurance Advice of ShipmentEDI 834 – Benefit Enrollment and MaintenanceEDI 835 – Health Care Claim Payment/AdviceEDI 837 – Health Care Claim

How are standards such as EDI used by businesses?

“Electronic Data Interchange (EDI) Transaction Overview”“E.D.I. Business Transaction OverviewEDI transactions. Electronic Data Interchange, commonly shortened to EDI, is a standard format for exchanging business data.EDI transactions are a type of electronic commerce that companies use for transactions such as when one company wants to electronically send a purchase order to another. EDI transactions were designed to be independent of the communications used by companies or the software technology that generates the EDI data.EDI FormatsEDI works based on standards which determine how each message should be formatted.Four EDI standards exist: UN/EDIFACT, which is the only internationally-recognized standard, used mostly outside of North America; ANSI ASC X12, used within North America, TRADACOM, used by British retail companies, and ODETTE, which is used by European automakers.The implementation of EDI is important for companies as it can significantly reduce the cost of sending documents.EDI Costs Versus BenefitsA paper purchase order requires resources to print the document, fax it, or post it to the vendor. EDI automatically sends the electronic document to the vendor thus reducing the cost of sending the PO. Studies of the cost savings of implementing EDI have been performed, including a report from the Aberdeen group in 2008, which highlighted that in the US it cost $37.45 to produce and send a paper PO, while it only cost $23.83 to send it using EDI.Not all companies use EDI. There is a cost to implement and maintain the technology required to perform EDI. Each trading partner that a company wants to use EDI with may require resources to set up and this can be cost-prohibitive for smaller companies or companies without technical resources.Some companies who profess to use EDI may receive orders electronically but are unable to automatically load those orders into their sales systems. The EDI orders are printed out and manually entered into their computer systems.This situation is common where companies have aging order systems that do not have the capability to accept or generate EDI orders.EDI How It WorksThere are a number of ways EDI messages are transmitted between trading partners. The most common method was to use a value-added network or VAN. This allowed companies to send a transmission which was then reviewed by the VAN and then sent to the correct recipient.More recently a new method for EDI transmission is being used. This is called AS2, which stands for Applicability Statement 2, and was championed by Wal-Mart, who requires all of their vendors to use this method. Using AS2, the EDI documents are transmitted across the internet and the security of the document is achieved by encryption and the use of digital certificates.There are dozens of EDI documents that can be implemented by a company and their trading partners. Under the ANSI ASC X12 standard, EDI documents are part of a series, for example, such as an order series, a warehousing series, or a financial series.In addition, a number of series that relate to specific industries such as government, insurance, mortgage and automotive.Many companies will only implement a small number of EDI documents with their trading partners, commonly in the ordering series, material handling series and the delivery series.For example a company who is implementing EDI between themselves and a third party logistics company may only implement five EDI documents such as an EDI 940 for a warehouse shipping order, EDI 943 for a warehouse stock transfer shipment advice, EDI 944 for a warehouse stock transfer receipt advice, EDI 945 for a warehouse shipping advice, and EDI 947 for a warehouse inventory adjustment advice.Frequently Used EDI Transactions In Supply Chain753 Request for Routing Instructions754 Routing Instructions816 Organizational Relationships818 Commission Sales Report830 Planning Schedule w/ Release Capability832 Price/Sales Catalogue840 Request for Quotation841 Specifications/Technical Information842 Non-conformance Report843 Response to Request for Quotation845 Price Authorization Acknowledgment/Status846 Inventory Inquiry/Advice847 Material Claim848 Material Safety Data Sheet850 Purchase Order851 Asset Schedule852 Product Activity Data853 Routing and Carrier Instruction855 Purchase Order Acknowledgment856 Ship Notice/Manifest857 Shipment and Billing Notice860 Purchase Order Change Request – Buyer Initiated861 Receiving Advice/Acceptance Certificate862 Shipping Schedule863 Report of Test Results865 Purchase Order Change Acknowledgment/Request – Seller Initiated866 Production Sequence869 Order Status Inquiry870 Order Status Report873 Commodity Movement Services874 Commodity Movement Services Response878 Product Authorization/De-authorization879 Price Information882 Direct Store Delivery Summary Information885 Retail Account Characteristics888 Item Maintenance889 Promotion Announcement890 Contract & Rebate Management893 Item Information Request895 Delivery/Return Acknowledgment or Adjustment940 Warehouse Shipping Order943 Warehouse Stock Transfer Shipment Advice944 Warehouse Stock Transfer Receipt Advice945 Warehouse Shipping Advice947 Warehouse Inventory Adjustment Advice”

Why is Norway considered as a MEDC (More Economically Developed Country)?

TLDR: Being able to buy advanced goods does not necessarily make Norway more economically developed or if it does then it should rank much lower on the list as compared to Sweden. Norway has not escaped the oil curse and is stuck in a resource exploitation worldview which has a high opportunity cost. Continued lack of coordination between government, academia, industry and the people plague the country from setting clear national goals for a post oil future. Instead innovation policy assumes new industries will develop from small actors in the marketplace however, little evidence of this exists; and for several decades its the large state owned companies that have driven the lion’s share of net exports. Additionally, Norway has a poor match between ventures available and the venture capital market, and little in the way of stimulus to get the ball rolling for the scale of innovation needed if Norwegians wish to maintain the quality of life they currently enjoy in a post or limited oil world. Suggestions are offered and its pointed out that Norway is 31 years behind the visions that one of its own leaders set forth, an example of the resource curse Norway is experiencing.Where does Norway rest on the MEDC table? If it is an MEDC then I would say quite low particularly compared to its neighbor Sweden.Norway’s primary income is derived from the ability to exploit raw resources and export those raw or minimally processed goods is an example of serving the second industrial revolution.Norway then uses the money generated from those exports to purchase advanced goods from places such as Sweden. Sweden is serving the fourth industrial revolution by producing mostly advanced goods that are attractive for export under increasingly sustainable conditions.In a thesis I published regarding sustainable innovation in Norway, an informant who ran a medium sized factory summed it up “If developing countries are defined as countries that export their raw resources and import finished goods then Norway is a developing country” (P. 10). In the same thesis in Appendix E, you can get a sense for what Norway’s chief exports* are and how the economy has become increasingly dependent on Fish and Oil as the primary exports. Oil, has crowded out innovation where today Norway produces 1/4th the triadic patents as Sweden, per capita (P.47).It is cited** that Norway has avoided the resource curse, I will claim the opposite that the “sove pute” or sleeping pillow as Norwegians call the effect of oil does have traits of a curse. Specifically, if you win the resource lottery you should use that money to create more advanced industries that can compete globally, Norway has not done that in any order of magnitude that will replace oil exports. In fact, Norway’s onshore industry has been cut in half from 1990–2011 as a percentage of GDP, and what is left is increasingly dependent on the oil industry***.Joakim Welde’s post to this question is an excellent answer that demonstrated how for some reason Norway was successful with its oil resources because people own a lot of Teslas and the oil resources were used to benefit the people overall with largely gifts, as opposed to only benefiting a few. This is not the sign of success of oil, this is a sign of Norway freezing its society at the discovery of oil and just inflating the structures that already existed, i.e., rule of law, resources shall benefit the people (this goes back to hydropower concessions dating back to 1906). It is no different then Saudi Arabia freezing and inflating its society for a long period, e.g., authoritarian monarchy, non-secular state.Looking at other oil producers such as Saudi Arabia and the UAE. Those countries in some regards are further ahead then Norway at moving to a post oil society or verticalizing the oil industry. Saudi Arabia, realized they do not have the core competencies in many areas and decided they will hire the best talent on the global market, Norway on the other hand played it safe and primarily hired the best global talent found in Norway :-)The results have led to former plastic pellet production facilities owned by Norway being bought out, and now Norway buys those pellets from Saudi Arabia or their interests rather than Norway exporting those pellets globally. This is quite a disappointment as Norway could have followed Sweden’s ideas of Extended Producer Responsibility , and worked to ensure that the oil was used to make products that would be fed back into the logistics chain at the end of their life cycle rather than primarily being burned into thin air. If Norway would have done so they probably would have captured more of the value chain while increasing the sustainability of the industry. The UAE has transformed towards a global trade, travel hub, and probably a real estate bubble, the important point is they were decisive and along with decision come successes and failures.One case example that characterizes how far Norway is lagging behind Sweden. Norwegian entrepreneurs and creatives have recently come together to form an innovation hub, Folk Oslo, to solve UN sustainable development goals, as a representative for Folk Oslo points out “Norway has, in my opinion, not had much of a strategy on how to work with these goals. There have been plenty of reports and just vague plans. There are some signs that the government will present more tangible proposals, but we wanted to do something ourselves.”. The Folk Oslo effort is a great initiative, but it is flawed as it is inward looking, lacks a clear tie in to national strategy and it missing several actors: that is, it’s a private initiative with relatively small scale capital. It should not be this way, there should be robust support for such initiatives from government along the lines of Sweden, explained below.A few decades ago Sweden said as a nation lets take sustainability seriously. One example output, was using a loose framework of the living lab methodology; where people, government, industry and academia come together in iterative cycles, in this case for sustainable development. The result was Västra Hamnen, Europe’s first carbon net neutral neighborhood. What is important is Sweden captured the knowledge their efforts and those ideas have culminated into national strategic goals towards sustainability with an outward and pan-European collaborative mentality. For example, the Governance of Urban Sustainable Transitions program, or GUST. GUST represents significant funding and in turn will help to increase Sweden’s competitive advantage via learning from their own successes and applying it throughout Europe and beyond with the intent to synchronize environmental, societal, and economic sustainability. Additionally, it aligns with Swedish national goals to become a carbon net neutral country.The barriers for Norway to change are deeply rooted in culture, systems and structure (or lack thereof). Some of the best and the brightest entrepreneurs in Norway, the founders of Kolonial.no , an online grocer focuses on the domestic market. However, Norway needs its best and brightest competing and collaborating on the front lines of the world.What should happen is the incentives for innovation to change and reinforce upshifting worldviews:Prioritize companies that have export potential for funding mechanisms. Take action and stop sitting on the fence. Let the private market and its cruddy venture capital solve the domestic problems.Stop letting lobbyists and political favoritism decide who gets special treatment. Rely on the experts in non political organizations to decide who gets what type of funding. Innovate the culture at Innovation Norway, stop having it a cancerous culture of bankers vs. innovators mentality.Set forth clear industrial policy linked to sustainability and national goals. Prioritize funding for companies that have integrated full spectrum sustainability into the business model. Punish those that don’t.Lower the bar on what gets funded, Norway is in the early stages of creating an innovation culture of small actors, that stage should not be judged as Stanford startups are.Develop infrastructure and spaces for new companies to grow that meet the above criteria. Create clear projects under the living lab framework. Use the roughly 200 billion a year that is thrown into the general budget from the oil fund for these sort of supports so Norway can quickly shift worldviews so long term value creation under sustainable conditions is the status quo mentality.Set clear full spectrum sustainability goals for the future of Norway. Use these as guidelines…in a society that values meaning give people a common one they can rally behind…the society and it’s estates should focus on the path towards 2214 not 1814.Norway needs Marshall plan scale thinking tailored domestically to think about its role in a post oil world that is weaved through the very fabric of the society. For example, starting with the youth, teach them about Biomimicry, so they can learn to value nature in new ways that can in turn be made into innovative solutions the planet needs.Leapfrog by offering incentives for government employees to put themselves out of a job via innovating (look to Estonia for efficiency ideas, but not coverage or depth). Make some hard and fast rules that you shall not criticize unless you can offer a better solution then the new idea brought to the table. Often in Norway it is not the idea people and doers there is a lack of but an overabundance of blockages to making change happen perpetuated by bureaucrats, small minded people in positions of power, and letting fear and control rule over change for the better.All of the above should have been started right after the publication of the Brundtland report in 1987, Norway is 31 years behind the very vision that one of its own leaders set forth, a clear example of the resource curse that Norway is experiencing today.Edit: Some may refer to hydroelectric as a sustainable example and true it is. The industry should have served as a foundation for more advanced industries to be built on top of it, except for commodities (aluminium and fertilizer) that has largely not transpired.*I use net exports as the primary measure, as it gives a clearer sign of industries that can overcome the domestic biases that could be in their favor (political favoritism for example) and thereby, gives an idea of competitive advantage of the industry. In Norway’s case this is particularly important as many companies survive in this inflated oil economy that may not otherwise exist or do nearly as well domestically.**Mehlum, H. Moene, K. Torvik, R. (2006). Institutions and the Resource Curse. The Economic Journal, Volume 115, Issue 508. January, 2006. DOI: 10.1111/j.1468-0297.2006.01045.x pp. 13-14, 16.AndHolden, Steinar. Avoiding the resource curse the case of Norway. (2013). Energy Policy Number 63 . pp. 870-876.***Cheptea, C. Mordonu, A. Kazuko, S. (2013). International Monetary Fund Country Report No. 13/273. Norway 2013 Artcile IV Consultation. .pp. 3,9,14,24,30.

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