‘Norwegian Catch-Up’ looks at the early Norwegian economic trajectory in the light of its external commitments and opportunities. Detailing Norway’s economic performance relative to other countries at a time characterized by globalization, it has a particular focus on the role of international trade, investment and migration. The book examines how a small open state adapted successfully to the demands of (and opportunities provided by) a global market place. Not only did Norway manage an impressive economic record, but it developed concomitantly a strong and articulate labor movement and resilient democratic institutions. In short, the Norwegian example provides hope for development in a context of globalization. This text provides the student with a pioneering new vantage point for understanding the nature and scope of today’s globalization and its effect on economic (and political) development. It also provides a historical reflection on the liberal antecedent of modern social democracy.