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Managing Resource Abundance and WealthThe Norwegian Experience$
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Jonathon W. Moses and Bjørn Letnes

Print publication date: 2017

Print ISBN-13: 9780198787174

Published to Oxford Scholarship Online: June 2017

DOI: 10.1093/oso/9780198787174.001.0001

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(p.1) 1 Introduction
Managing Resource Abundance and Wealth

Jonathon W. Moses

Bjørn Letnes

Oxford University Press

It is common, if problematic, to refer to the Norwegian model of resource management as a blueprint for developing countries that wish to avoid the Paradox of Plenty. This introductory chapter lays out an argument for why the Norwegian model might provide useful lessons for others. In doing so, it has three objectives. First, it surveys the political territory where the world’s future petroleum resources are found. Most of these reserves lie under non-democratic and economically underdeveloped countries. Second, it introduces the sundry challenges facing petroleum-rich states: they often suffer from a Resource Curse. The chapter then pivots to show how Norway has avoided the Paradox of Plenty, and provides a brief overview of Norway’s relevant institutions and policies (as an outline for the chapters that follow).

Keywords:   petroleum resources, Resource Curse, Paradox of Plenty, resource management, Norwegian model

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