January 2008
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How Oil-Rich Norway Avoids the Resource Curse
Stavanger
To stroll along the harbour of this pretty town on Norway’s North Sea Coast is to follow the history of an economic explosion. To the south, the old wooden canneries are still processing herring and cod, the commodities that until a few decades ago were the mainstays of Norway’s poor, austere economy.
Across the harbour, the constant movement of enormous cranes and...
