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Norway is similar to the UK in a way, they both had lots of oil and natural gas reserves in the '80 and '90s. The difference is Norway saved the cash to immense
by MC27 16y ago
Norway is similar to the UK in a way, they both had lots of oil and natural gas reserves in the '80 and '90s. The difference is Norway saved the cash to immense proportions, while the UK spent the cash and used the excess fuel to live cheaply.
It is a basic difference between long term and short term thinkers being in charge. I think that's the true difference between countries like the US, UK and even those in Southern Europe, compared to other Northern European countries like Norway, Germany, Sweden etc.