But when observed on a broader scale the shift from an economy focusing on industry and agriculture and towards services supported by globalization is visible (slide 13). The employment composition over the past decades has changed rather fast in Denmark. The movement up the value chain is essential for the Danish economy to benefit from globalization.
In direct wage comparisons in the areas of production requiring lesser skilled workers Denmark is clearly not competitive in a strict wage sense (slide 14). Competitiveness of a business, however, comprises a number of factors and if you try to take account of all these factors Denmark is, unsurprisingly, much more competitive (slide 15).