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, UNIDO, UNMIL, UNMIS, UNMOGIP, UNOMIG, UNRWA, UNTSO, UPU, WCO, WEU (observer), WFTU, WHO, WIPO, WMO, WTO, ZC Diplomatic representation in the US: chief of mission: Ambassador Friis Arne PETERSEN chancery: 3200 Whitehaven Street NW, Washington, DC 20008 telephone: [1] (202) 234-4300 FAX: [1] (202) 328-1470 consulate(s) general: Chicago, New York Diplomatic representation from the US: chief of mission: Ambassador James P. CAIN embassy: Dag Hammarskjolds Alle 24, 2100 Copenhagen mailing address: PSC 73, APO AE 09716 telephone: [45] 33 41 71 00 FAX: [45] 35 43 02 23 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; the banner is referred to as the Dannebrog (Danish flag) note: the shifted design element was subsequently adopted by the other Nordic countries of Finland, Iceland, Norway, and Sweden Economy Denmark Economy - overview: The Danish economy has in recent years undergone strong expansion fueled primarily by private consumption growth, but also supported by exports and investments. This thoroughly modern market economy features high-tech agriculture, up-to-date small-scale and corporate industry, extensive government welfare measures, comfortable living standards, a stable currency, and high dependence on foreign trade. Unemployment is low and capacity constraints are limiting growth potential. Denmark is a net exporter of food and energy and enjoys a comfortable balance of payments surplus. Government objectives include streamlining the bureaucracy and further privatization of state assets. 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 Economic and Monetary Union (EMU), but so far Denmark has decided not to join 15 other EU members in the euro. Nonetheless, the Danish krone remains pegged to the euro. Economic growth gained momentum in 2004 and the upturn continued through 2007. The controversy over caricatures of the Prophet Muhammad printed in a Danish newspaper in September 2005 led to boycotts of some Danish exports to the Muslim world, especially exports of dairy products, but the boycotts did not have a significant impact on the overall Danish economy. Because of high GDP per capita, welfare benefits, a low Gini index, and political stability, the
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