Code: 10927210

Trillion Dollar Baby

Name: Trillion Dollar Baby
Brand: Biteback Publishing
SKU: 10927210
Price: 22.40 EUR
Availability: BackOrder

by PAUL CLEARY

Language: English
Binding: Hardback
Number of pages: 256
Publisher: Biteback Publishing, 2016
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22.40 €

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Book synopsis

How Norway Beat the Oilgiants and Won a Lasting Fortune. For most of its history, Norway has eked out a marginal existence from fishing, forestry and shipping. But things changed after 1969, when Phillips Petroleum discovered oil off the southern coast. 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 20 years after they began investing in a Government Pension Fund, Norway has the largest sovereign wealth fund in the world. This book is the account of how Norway reinvested its oil revenue for the benefit of future generations.