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I think norway was super smart. They took their oil money and invested in non oil things. Now when oil prices are low they can use the reserve to help pump thei
by samfisher83 11y ago
I think norway was super smart. They took their oil money and invested in non oil things. Now when oil prices are low they can use the reserve to help pump their economy. I think they are actually doing things right.
- clarkm 11y agoA lot of the Gulf states took a similar route. Just look at the rise of the region as an airline hub, location of many satellite campuses, etc.
- refurb 11y agoThe issue is that Norway created a social services network that was dependent on the oil money coming in. Will they starve if the oil runs out? No. Will they have to cut back on social services? Yes.