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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Trends

Norway’s oil wealth swamps innovation

Posted on 20 October 2016

The turnstiles are left open on Oslo’s impeccable network of subways and trams. Perhaps it is because Norwegians can be trusted to pay the high fares, or perhaps because the city is rich enough anyway.
The oil fund is exemplary in many ways: by taking the wealth largely out of the hands of the government and directing it into overseas investment, Norway has avoided the worst of Dutch disease. But it adds to the sense of the country having a cushion against change: the fund’s very existence extends its deadline to reshape the economy……………………………………Full Article: Source


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