How Norway Became So Ridiculously Rich

Norway is one of the richest countries on the planet, but the reason is not immediately apparent. Your initial assumption might be that it has a lot of oil, yet the majority of oil-rich small countries experience serious economic and social problems. Does Norway have the ideal economy and how did it escape the oil curse to become the economic powerhouse it is today?

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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

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