How Norway has avoided the 'curse of oil'
Posted: 26 Aug 2014, 05:09
http://www.bbc.co.uk/news/business-28882312BBC News wrote:For while other countries have struck oil and then binged on the revenues, by contrast Norway is continuing to invest its oil and gas money in a giant sovereign wealth fund.
The fund, worth about $800bn (£483bn), owns 1% of the entire world's stocks, and is big enough to make every citizen a millionaire in the country's currency, the kroner. In effect, it is a giant savings account.
