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For most of its history, the remote and near-Arctic nation of Norway has eked out a marginal existence from fishing, forestry and shipping. That is, until Christmas Eve 1969, when oil was discovered off its southern coast.
Rather than squandering the profits (as the UK did with its North Sea oil), when the revenue began flowing, Norway put in place the most robust and visionary framework for extracting maximum benefit from non-renewable resources found anywhere in the world.
Less than twenty years after the country began investing in what is now called the Government Pension Fund, Norway has the largest sovereign wealth fund in the world, with assets of US$870 billion. What's more, the fund is on track to hit the US$1 trillion mark by 2020.
Not only is every Norwegian now a (krone) millionaire and enjoying the highest standard of living in the world, they will be able to hand down this endowment to their children and grandchildren. Norway's savings strategy means that it has taken a non-renewable resource and turned it into a financial asset that can last long after the oil wealth has been completely exhausted.
This is the story of how they did it.
Đặt sách ngoại văn Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Mua sách ngoại văn Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Đọc sách ngoại văn Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Sách tiếng Anh Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Tải về Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Review sách Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Review phim Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Đánh giá Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Mua Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune giá rẻ Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Đánh giá Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Tác giả Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Tiki Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Fahasa Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Shopee Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Amazon Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Download PDF Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Download epub Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Ebook Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Tiếng Việt Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Sách ngoại văn Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune Đọc sách Paul Cleary Mua sách Paul Cleary Review sách Paul Cleary
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