Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune
Condition: SECONDHAND
NB: This is a secondhand book in very good condition. See our FAQs for more information. Please note that the jacket image is indicative only. A description of our secondhand books is not always available. Please contact us if you have a question about this title.
Author: Paul Cleary
Format: Paperback
Number of Pages: 256
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. 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.
Author: Paul Cleary
Format: Paperback
Number of Pages: 256
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. 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.
Description
NB: This is a secondhand book in very good condition. See our FAQs for more information. Please note that the jacket image is indicative only. A description of our secondhand books is not always available. Please contact us if you have a question about this title.
Author: Paul Cleary
Format: Paperback
Number of Pages: 256
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. 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.
Author: Paul Cleary
Format: Paperback
Number of Pages: 256
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. 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.
Trillion Dollar Baby: How Norway Beat the Oil Giants and Won a Lasting Fortune