In fact, Norway has managed their natural wealth on a very specific way: state capitalism. This means: Government control a big share of the economy but, then again, it behaves as a business: they care about efficiency and productivity, save money and even… invest it in the stock market!
In fact, Norway is not just a wealthy country. It is also one with a big sway on international finance. Why? Because the Norwegian Central Bank invest all the oil profits on the stock market. This is the so called ‘Norway’s sovereign wealth fund’ or the ‘Norwegian pension fund’. This country invest more than 1 TRILLION dollars in companies from all over the world. But how does this system work? In this video, we will tell you how.
Other videos at VisualPolitik:
Why is GERMANY such an INDUSTRIAL LEADER? https://www.youtube.com/watch?v=CAbcHMOwobg
Why is QATAR the RICHEST country in EARTH? https://www.youtube.com/watch?v=CAbcHMOwobg
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Endeathed – Death as a Monument: https://www.youtube.com/watch?v=okpMo...
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