- published: 07 Sep 2012
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With very few natural resources, the economy of Denmark relies almost entirely on human resources. The service sector makes up the vast amount of the employment and economy. Its industrialised market economy depends on imported raw materials and foreign trade. Within the European Union, Denmark advocates a liberal trade policy. Its standard of living is average among the Western European countries - and for many years the most equally distributed as shown by the Gini coefficient - in the world, and the Danes devote 0.8% of Gross National Income (GNI) to foreign aid. It is a society based on consensus (dialogue and compromise) with the Danish Confederation of Trade Unions and the Confederation of Danish Employers in 1899 in Septemberforliget (The September Settlement) recognising each others right to organise, thus, negotiate. The employer's right to hire and fire their employees whenever they find it necessary is recognised. There is no official minimum wage (Danish: minimumsløn) set by the government; the minimum of wages (Danish: mindsteløn) is determined by negotiations between the organisations of employers and employees.
The Kingdom of Denmark (Danish: Kongeriget Danmark, pronounced [ˈkɔŋəʁiːəð ˈdanmɑɡ̊] ( listen)) is a constitutional monarchy and sovereign state consisting the country of Denmark in northern Europe and two autonomous constituent countries, the Faroe Islands in the North Atlantic and Greenland in North America. The kingdom is a unitary state with some power being devolved from Denmark proper to Greenland and the Faroe Islands; this polity is referred to as the Danish Realm. Denmark proper is the hegemonial area, where judicial, executive, and legislative power resides. The Faroe Islands are defined to be a community of people within the kingdom, and the Greenlandic people are defined as a separate people with the right to self-determination.
Denmark is the southernmost of the Nordic countries, located southwest of Sweden and south of Norway, and bordered to the south by Germany. The country consists of a large peninsula, Jutland and many islands, most notably Zealand, Funen, Lolland, Falster and Bornholm, as well as hundreds of minor islands often referred to as the Danish Archipelago.
Frederick IX (Christian Frederik Franz Michael Carl Valdemar Georg) (11 March 1899 – 14 January 1972) was King of Denmark from 20 April 1947 until his death on 14 January 1972.
He was the son of King Christian X of Denmark and Queen Alexandrine, born Duchess of Mecklenburg, and the fourth Danish monarch of the House of Glücksburg.
Prince Frederick was born on 11 March 1899 at Sorgenfri Palace in Kongens Lyngby on Zealand during the reign of his great-grandfather King Christian IX. His father was Prince Christian of Denmark (later King Christian X), the eldest son of Crown Prince Frederick and Princess Louise of Sweden (later King Frederick VIII and Queen Louise). His mother was Alexandrine of Mecklenburg-Schwerin, a daughter of Frederick Francis III, Grand Duke of Mecklenburg-Schwerin and Grand Duchess Anastasia Mikhailovna of Russia.
He was baptised at Sorgenfri Palace on 9 April 1899. The young prince had 21 godparents, among them his great-grandfather Christian IX of Denmark, Nicholas II of Russia, George I of Greece, Oscar II of Sweden, his grandfather Crown Prince Frederick of Denmark, the Prince of Wales (later King Edward VII of the United Kingdom) and his uncle Frederick Francis IV, Grand Duke of Mecklenburg-Schwerin.