Military history of Norway which point the kingdom of Norway reached its largest territorial extent. In 1295, Magnus VI of Norway forged an alliance with France and Scotland against England, whereby Norway undertook to supply the King of France with 300 ships and 50 000 troops. It is clear that Norway could not have the manpower to fulfill the terms of this treaty, however, it was never put to the test. In 1299, King Haakon V of Norway took the throne, and moved the capital of the country to Oslo. Haakon led an active foreign policy, aimed at increasing Norway's influence in Scandinavia. These
Norway the Common Security and Defence Policy of the European Union. Norwegians enjoy the second-highest GDP per-capita among European countries (after Luxembourg), and the sixth-highest GDP (PPP) per-capita in the world. Today, Norway ranks as the second-wealthiest country in the world in monetary value, with the largest capital reserve per capita of any nation. According to the CIA World Factbook, Norway is a net external creditor of debt. Norway maintained first place in the world in the UNDP Human Development Index (HDI) for six consecutive years (2001–2006), and then reclaimed this position in 2009, through 2015. The standard of living in