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Norway is one of the Richest Nations on Earth, but its not exactly obvious why. Its large quantities of oil may be your first conclusion, but most oil rich small nations suffer from severe economic and social issues. How did Norway avoid the oil curse to become the economic powerhouse it is today and does Norway possess the perfect economy?

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--Contents of this video--------------------------------
00:00 - Norway's Humble Beginnings
01:01 - Second Richest Nation on Earth
02:38 - The Dutch Disease/Oil Curse
04:55 - Catching up to its Neighbors
08:25 - Let there be Oil
09:53 - Why Norway Turned out Differently
12:11 - Norway's Sovereign Wealth Fund
14:03 - The Perfect Economy?

--Sources used---------------------------------------------
- Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune By Paul Cleary
- The Norwegian Economy 1900-2000: From Rags to Riches A brief history of economic policymaking in Norway
- The Economic History of Norway Ola Honningdal Grytten, Norwegian School of Economics and Business Administration
-The Wealth of a Nation: Road to Prosperity BY Ola Honningdal Grytten
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#NorwayEconomy #NorwayRich #Economics #CasualScholar

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