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Trillion Dollar Baby

How Norway Beat the Oil Giants and Won a Lasting Fortune

Paul Cleary

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Black Inc
29 August 2016
Economics & Business; Economic history; Petroleum & oil industries
For most of its history, Norway eked out a marginal existence from fishing, forestry and shipping. But things changed in 1969, when the country found one of the world's biggest offshore oilfields. As the revenue started to flow, Norway began to create the world's best system for developing mineral resources - and for extracting the maximum possible share of the profits.

From the outset, Norway decided that it was the master and not the servant of Big Oil. Twenty years after it began stashing its cash, this country of just five million people has amassed the world's largest sovereign wealth fund, with assets of more than US$850 billion - and it's on track to exceed $1 trillion in 2020.

Unlike many other countries, Norway has taken a non-renewable resource and turned it into a financial asset that can last for generations to come. This is the story of how the Norwegians did it.
By:   Paul Cleary
Imprint:   Black Inc
Country of Publication:   Australia
Dimensions:   Height: 208mm,  Width: 137mm,  Spine: 38mm
Weight:   274g
ISBN:   9781863958691
ISBN 10:   186395869X
Pages:   224
Publication Date:   29 August 2016
Audience:   General/trade ,  College/higher education ,  ELT Advanced ,  Primary
Format:   Paperback
Publisher's Status:   Out of Stock Indefinitely

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