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It's a good thing it's in Norway, because Norway has already proven themselves capable of competently managing valuable natural resources, avoiding the resource
by mcpackieh 3y ago
It's a good thing it's in Norway, because Norway has already proven themselves capable of competently managing valuable natural resources, avoiding the resource curse. In most other countries, particularly developing or underdeveloped countries, such a windfall would probably cause long-term damage to their economy and political stability / freedom.
- avgcorrection 3y agoThe biggest curse is to be resource-rich and to also be an underdeveloped country within reach of some imperial power who wants to extract those resources. As a country in Europe on the periphery of America’s backyard, that seems like less of a concern for them.
- masswerk 3y agoIt also favors all kinds of mob-like structures…