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AO, G- 9, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM, ISO, ITU, MTCR, NACC, NATO, NC, NEA, NIB, NSG, OECD, OSCE, PCA, UN, UNCRO, UNCTAD, UNESCO, UNHCR, UNIDO, UNIKOM, UNMOGIP, UNMOT, UNOMIG, UNPREDEP, UNPROFOR, UNTSO, UPU, WEU (observer), WFTU, WHO, WIPO, WMO, WTrO, ZC Diplomatic representation in US: chief of mission: Ambassador Knud-Erik TYGESEN 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 US diplomatic representation: chief of mission: Ambassador Edward E. ELSON embassy: Dag Hammarskjolds Alle 24, 2100 Copenhagen mailing address: APO AE 09716, PSC 73 telephone: [45] (31) 42 31 44 FAX: [45] (35) 43 02 23 Flag: 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 Economy ------- Economic overview: This thoroughly modern 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 self-sufficient in food production. The new center-left coalition government will concentrate on reducing the persistently high unemployment rate and the budget deficit as well as following the previous government's policies of maintaining low inflation and a current account surplus. In the face of recent international market pressure on the Danish krone, the coalition has also vowed to maintain a stable currency. The coalition hopes to lower marginal income taxes while maintaining overall tax revenues; boost industrial competitiveness through labor market and tax reforms and increased research and development funds; and improve welfare services for the neediest while cutting paperwork and delays. Prime Minister RASMUSSEN's reforms will focus on adapting Denmark to the criteria for European integration by 1999; Copenhagen has won from the European Union (EU) the right to opt out of the European Monetary Union (EMU) if a national referendum rejects it. Denmark is, in fact, one of the few EU countrie
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