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How Norway Got Rich Before It Ever Found Oil
🇳🇴 Think Norway's wealth comes from oil? Think again. By 1900, Norway was already one of Europe's richest countries - decades before a single drop of oil was discovered in the North Sea.
The real story is far more fascinating.
While most people believe Norway struck it lucky with "black gold," the truth is this small Nordic nation outsmarted geography itself to build prosperity from seemingly nothing. With only 2.7% farmable land, brutal winters, and terrain that would make other countries surrender, Norway found a way to turn its greatest weaknesses into unstoppable economic advantages.
In this video, we uncover:
🔸 How Norway's "impossible" geography became its secret weapon 🔸 Why Norwegian lumber dominated global markets despite fierce competition 🔸 The 1849 decision that transformed Norway into a shipping superpower 🔸 How fjords and waterfalls created an economic miracle 🔸 The state-led modernization strategy that outpaced laissez-faire capitalism 🔸 Why countries with better natural resources couldn't compete
This isn't just Norway's story - it's a masterclass in turning geographical disadvantages into systematic economic advantages. Long before oil made headlines, Norway had already cracked the code of sustainable wealth creation.
The oil discovery in the 1960s didn't create Norwegian prosperity - it simply accelerated what was already a remarkable success story.
Subscribe for more deep-dive economic analysis that reveals the hidden forces behind national wealth.
#Norway #EconomicHistory #Geopolitics #WealthCreation
📚 RESOURCES & RECOMMENDED READING | FAULTLINE ECONOMICS
To deepen your analysis, here are some of the most important works and tools that shape our understanding of geopolitics and the global economy.
â–º The Economist: The essential source for in-depth global analysis. Get your subscription here:
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🎧 AUDIO BRIEFING | THE STRATEGIST'S LIBRARY
Listen to the foundational books of strategic thinking. Get a FREE audiobook with a 30-day Audible trial using one of the links below:
â–º "Prisoners of Geography" by Tim Marshall:
https://amzn.to/4mtcMET
â–º "The Next 100 Years" by George Friedman:
https://amzn.to/3Ug931q
â–º "Principles for Dealing with the Changing World Order" by Ray Dalio:
https://amzn.to/3J0zSnT
â–º "The Revenge of Geography" by Robert D. Kaplan:
https://amzn.to/3H1NuyJ
â–º "Destined for War" by Graham Allison:
https://amzn.to/4oplANP
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