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> Norway was only doing fishing before they discovered oil in the North Sea, so all their wealth is based on oil. They still drill and export a significant amo
by wolfhumble 2y ago
> Norway was only doing fishing before they discovered oil in the North Sea, so all their wealth is based on oil. They still drill and export a significant amount of oil
It is misconception that Norway was poor before it found oil.
Statistically Norway did as well as or better than – based on GNP per capita – most other European countries from 1830-1938; similar to Germany, https://en.wikipedia.org/wiki/List_of_regions_by_past_GDP_(PPP)_per_capita#Europe_1830–1938_(Bairoch) https://en.wikipedia.org/wiki/List_of_regions_by_past_GDP_(P...