By Jonathon W. Moses,Bjørn Letnes

ISBN-10: 0198787170

ISBN-13: 9780198787174

dealing with source Abundance and Wealth: The Norwegian event describes the sundry and demanding demanding situations, either financial and political, dealing with petroleum-producing nations. the amount outlines the pitfalls that policymakers come across within the aftermath of an important source discovery, and what they could do to guard their nations from the main antagonistic results. those classes are derived from very diverse resources: The broader-if still
underdeveloped-social technology literature that examines the 'Paradox of lots' in its disparate varieties; and the event of a rustic that has effectively controlled its average assets over numerous a long time. As a small nation at the margins of Europe, Norway has stood as much as strong foreign pursuits in one
of the world's strongest industries. Norway has exerted sovereign keep watch over over its normal surroundings, and exploited its assets in a fashion that has introduced major wealth to its citizens.

This quantity explains how Norway has principally kept away from the 'Paradox of Plenty'. It goals to illustrate the range of coverage instruments which are on hand to states wealthy in normal assets, and the way those instruments should be adjusted to altering (domestic and foreign) contexts. It considers a few questions, corresponding to how international locations have to administer and control the to think about the prices and advantages linked to a variety of agreement and licensing regimes, and monetary preparations; to
maintain competitiveness and steer clear of turning into too based upon the sphere; to maximise neighborhood content material; and to guard the wider financial system from the volatility of petroleum costs. the quantity exhibits how the may be controlled in a democratic, simply, and moral demeanour, and for the good thing about the general
population.

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Managing Resource Abundance and Wealth: The Norwegian Experience by Jonathon W. Moses,Bjørn Letnes


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