Denmark’s chemicals industry is characterized by a variety of innovative companies, especially in the life sciences. To remain competitive, these companies must continue to invest in innovation, and the country’s universities must fill a growing need for highly educated engineering professionals.
Like other European countries in the late nineteenth and early twentieth centuries, Denmark’s economy grew from agricultural roots. However, unlike some of its neighbors (including Germany and the United Kingdom), Denmark’s transition from an agricultural to an industrial economy was slow. For example, it took until the 1960s for the value of Denmark’s industrial output to exceed the value of its agricultural output. Obstacles to Denmark’s industrialization in the early twentieth century included its lack of domestic raw materials and mineral resources, and its relatively small domestic market.
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