Stoltenberg discussed how the “Oil Curse” occurs in countries with natural resources, noting the negative relationship between countries with a large amount of natural resources and real GDP per capita. Stoltenberg focused on the Norwegian experience and how although oil and gas has a large impact on the economy, it is balanced in a way to combat the common “curse.”
Stoltenberg highlighted other elements of the Norwegian economy that make the country exemplary in social equality including high employment and the dual maternity, paternity leave granted to citizens.
View full lecture HERE.
Source: Harvard University
Published: June 8, 2023