How to beat the resource curse in Norway (Summer School)
Planet Money
- Published
- July 29, 2026
- Duration
- 38:55
- Summary source
- description
- Last updated
- Sep 6, 2026
Discusses Let’s call it the luxury of restraint. This is what enabled Norway to avoid the fate of so many othe…
Summary
Let’s call it the luxury of restraint. This is what enabled Norway to avoid the fate of so many other countries when they discovered oil and it changed the mix of their economy overnight.Norway! It’s expensive, wealthy, and abundant in resources. We’re going to compare two of them in particular today: deep reservoirs of oil and icy waters full of salmon. …
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Show notes
Let’s call it the luxury of restraint. This is what enabled Norway to avoid the fate of so many other countries when they discovered oil and it changed the mix of their economy overnight.Norway! It’s expensive, wealthy, and abundant in resources. We’re going to compare two of them in particular today: deep reservoirs of oil and icy waters full of salmon. While one resource was heavily in demand, the country had an oversupply of the other.In this episode, we learn how Norway built its wealth by c