Faaland, who turned 95 in January, held leadership positions in several international organisations, such as for instance OECD (Organisation for Economic Cooperation and Development). He received many honorary distinctions for his work, including induction into the Royal Norwegian Order of St Olav. Faaland was of great importance to Malaysia, as he was one of the economic experts that formulated the NEP (New Economic Policy) in 1970. In 2002, he received the honorary Panglima Setia Mahkota award, which carried the title Tan Sri. Malaysian Prime Minister Najib mourns his passing on social media.
Norwegian political economist Just Faaland passed away last Friday in Norway.