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Do you think other nations can replicate Norway's success in avoiding the resource curse? If so, how?

TobbenTM 13y ago
Quite a complex issue, this is a good talk about it though: https://www.youtube.com/watch?v=8f6geiVdwpk https://www.youtube.com/watch?v=8f6geiVdwpk
reitanqild 13y ago
Absolutely yes. But of course it depends. Making sure to stay in the drivers seat instead of selling out to a big company was the first step. Of course, if corruption is rampant everywhere this is much harder. Also setting targets and staying true to them seems to be important. Today the target is not to use anything from their oil fortune except the interest. This is something they seem to fight about every year but the majority seems to say no to the party idea every time.
galago 13y ago
If their tech sector really has tilted strongly towards resource extraction it might be a sign that Norway isn't avoiding 'resource curse'. Helping other countries extract fossil fuels more quickly might well exacerbate the planet's upcoming crises. So, from my perspective this is part of the problem.
- reitanqild 13y ago
  Partly agree. For now it seems to be keeping them afloat into 2050 or something provided they don't come up with something really stupid before that. After that they have the worlds 3rd largest Thorium reserve. One good thing I think is at least they are not spending it as they extract it, rather investing it globally.
- amund 13y ago
  Fortunately it's not all resource extraction, there is also significant amounts of mobile tech, ref: http://memkite.com/2014/04/28/trondheim-the-unknown-mobile-tech-capital-of-the-nordics/ http://memkite.com/2014/04/28/trondheim-the-unknown-mobile-t...
- 001sky 13y ago
  The resource curse seems to be mitigated the more the local population is involved in the engineering and science of the various resource exploratin/extraction processes. Norway having a tech-sector to "tilt" towards resource extraction is itself highly unusual.

Quite a complex issue, this is a good talk about it though: https://www.youtube.com/watch?v=8f6geiVdwpk https://www.youtube.com/watch?v=8f6geiVdwpk

reitanqild 13y ago

Absolutely yes. But of course it depends. Making sure to stay in the drivers seat instead of selling out to a big company was the first step. Of course, if corruption is rampant everywhere this is much harder. Also setting targets and staying true to them seems to be important. Today the target is not to use anything from their oil fortune except the interest. This is something they seem to fight about every year but the majority seems to say no to the party idea every time.

galago 13y ago

If their tech sector really has tilted strongly towards resource extraction it might be a sign that Norway isn't avoiding 'resource curse'. Helping other countries extract fossil fuels more quickly might well exacerbate the planet's upcoming crises. So, from my perspective this is part of the problem.

reitanqild 13y ago
Partly agree. For now it seems to be keeping them afloat into 2050 or something provided they don't come up with something really stupid before that. After that they have the worlds 3rd largest Thorium reserve. One good thing I think is at least they are not spending it as they extract it, rather investing it globally.
amund 13y ago
Fortunately it's not all resource extraction, there is also significant amounts of mobile tech, ref: http://memkite.com/2014/04/28/trondheim-the-unknown-mobile-tech-capital-of-the-nordics/ http://memkite.com/2014/04/28/trondheim-the-unknown-mobile-t...
001sky 13y ago
The resource curse seems to be mitigated the more the local population is involved in the engineering and science of the various resource exploratin/extraction processes. Norway having a tech-sector to "tilt" towards resource extraction is itself highly unusual.