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ps and leaders: NA International organization participation: AfDB, AsDB, Australia Group, BIS, CBSS, CCC, CE, CERN, EAPC, EBRD, ECE, EIB, ESA, EU, FAO, G- 9, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, MONUC, NATO, NC, NEA, NIB, NSG, OAS (observer), OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIKOM, UNMEE, UNMIBH, UNMIK, UNMOGIP, UNMOP, UNMOT, UNOMIG, UNTAET, UNTSO, UPU, WEU (observer), WHO, WIPO, WMO, WTrO, ZC Diplomatic representation in the US: chief of mission: Ambassador Ulrik Andreas FEDERSPIEL chancery: 3200 Whitehaven Street NW, Washington, DC 20008 telephone: [1] (202) 234-4300 FAX: [1] (202) 328-1470 consulate(s) general: Chicago, Los Angeles, and New York Diplomatic representation from the US: chief of mission: Ambassador Stuart BERNSTEIN embassy: Dag Hammarskjolds Alle 24, 2100 Copenhagen mailing address: PSC 73, APO AE 09716 telephone: [45] 35 55 31 44 FAX: [45] 35 38 96 16 Flag description: red with a white cross that extends to the edges of the flag; the vertical part of the cross is shifted to the hoist side, and that design element of the Dannebrog (Danish flag) was subsequently adopted by the other Nordic countries of Finland, Iceland, Norway, and Sweden Denmark Economy Economy - overview: This thoroughly modern market economy features high-tech agriculture, up-to-date small-scale and corporate industry, extensive government welfare measures, comfortable living standards, and high dependence on foreign trade. Denmark is a net exporter of food and energy and has a comfortable balance of payments surplus. The center-left coalition government has reduced the formerly high unemployment rate and attained a budget surplus as well as followed the previous government's policies of maintaining low inflation and a stable currency. The coalition has lowered marginal income tax rates and raised environmental taxes thus maintaining overall tax revenues. Problems of bottlenecks, and longer term demographic changes reducing the labor force, are being addressed through labor market reforms. The government has been successful in meeting, and even exceeding, the economic convergence criteria for participating in the third phase (a common European currency) of the European Monetary Union (EMU), but Denmark, in a September 2000 referendum, reconfirmed its decision
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