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There was a great podcast by NPR's Planet Money[1] about how Norway avoided the "resource curse"[2], or paradox of the plenty, whereby countries with bountiful
by bdcs 13y ago
There was a great podcast by NPR's Planet Money[1] about how Norway avoided the "resource curse"[2], or paradox of the plenty, whereby countries with bountiful resources tend to be less developed than vice-verse. Highly recommended! Please comment below if you would like to discuss.
[1] http://www.npr.org/blogs/money/2011/09/06/140110346/how-to-avoid-the-oil-curse http://www.npr.org/blogs/money/2011/09/06/140110346/how-to-a...
[2]http://en.wikipedia.org/wiki/Resource_curse http://en.wikipedia.org/wiki/Resource_curse
- discardorama 13y agoAn interesting plot twist: an Iraqi set up Norway's Sovereign Fund ( Farouk al-Kasim ). http://pri.org/stories/2012-06-06/norways-example-oil-and-gas-boom-done-right http://pri.org/stories/2012-06-06/norways-example-oil-and-ga...
- hansjorg 13y agoFinancial Times have a very interesting article about Farouk al-Kasim, "The Iraqi who saved Norway from oil" (link requires registration, but it's free): http://www.ft.com/intl/cms/s/0/99680a04-92a0-11de-b63b-00144feabdc0.html#axzz2pz6wTL3K http://www.ft.com/intl/cms/s/0/99680a04-92a0-11de-b63b-00144...