They Found Oil—And Turned It Into a $2.2 Trillion Future
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They Found Oil—And Turned It Into a $2.2 Trillion Future
After discovering oil in 1969, Norway made a series of decisions that set it apart from many resource-rich nations. Instead of allowing rapid privatization or unchecked foreign control, the government imposed strict regulations, maintained strong state ownership, and required international companies to help develop local expertise by training ...
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