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> Norway's sovereign wealth fund is a strategy to escape the resource curse. Alaska has the Permanent Fund for much the same reason. https://en.wikipedia.org/
by Turing_Machine 4y ago
> Norway's sovereign wealth fund is a strategy to escape the resource curse.
Alaska has the Permanent Fund for much the same reason.
https://en.wikipedia.org/wiki/Alaska_Permanent_Fund https://en.wikipedia.org/wiki/Alaska_Permanent_Fund
- gregw2 4y agoLess discussed than Alaska, Texas uses it's oil money per its constitution to fund its university which seems pretty shrewd mitigation to the resource curse at a high level. Also no income tax for its citizens. Sample details: https://www.texastribune.org/2017/08/21/ut-system-oil-money-gusher-its-administration-and-trickle-students/ https://www.texastribune.org/2017/08/21/ut-system-oil-money-...