As far as Norway goes, the single most important asset as far as industrialization was concerned was hydro power. Lots of mountains, lots of rain -> abundant "free" power. Water-powered mechanical sawmills and such were already a fairly big deal before hydroelectric power came along and became an even bigger deal.
Yeah, you're right, Norway really has been lucky with the abundance of resources for hydro power. I was overlooking that And more recently oil and gas, or course.
I believe that you don't even have to burn fossil fuels for electricity?
Denmark made the best of what it had, betting on wind power. Smart investment, imho.
But I think that both had to delay industrialization until they could leverage on new available technology and resources. The "second industrial revolution" of electricity made it possible for countries without their own coal to get into the club if industrialized countries. And lower costs of trade made it feasible to import raw materials and energy and export transformed products.
Going back on topic, has scandinavian "socialism" preceded or followed the biggest bout of industrialization there? Did the state invest directly in supporting or developing industries? And did private businesses and wealthy individuals at some point fled from the countries because of high taxes? I'm asking because some people have created myths about any kind of social-democracy which involve all these aspects.
After the middle of the 19th century, however, our most important exports were timber, then later shipbuilding became very important as well. After the turn of the century with the ascendancy of hydroelectric power, various power-intensive industrial processes became significant -- chief among these being the production of aluminium, and also fertilizer, both of which remain big business here today.
Its interesting. The time frames are variable, depending on how competent are the governments and/or the businessman in each county, but most countries which had the same basic resources have followed follow the same pattern of development. Exporting natural resources, transforming agricultural goods and producing simple consumer goods with easily available resources (textiles, soap, matches, tobacco, furniture, and so on), then shipbuilding (for those on the coast) or railroads, then finally some heavy industry
if and when they could get low cost energy. Far from being just a cultural thing (level of education of the population, or stability of government), industrialization depended on having resources or a favorable international situation. And then taking advantage of that, which is where the cultural part comes into play. But only after the physical requirements were satisfied.