Norway
Norway matters to investors for one reason above all: the oil fund, the largest single pool of institutional capital in the world and the model for managing resource revenue. The Dutch-disease and petro-state literature is strong; the fund itself still has no good trade book, and the insider account of the licensing system is a hard-to-find monograph.
6 books
Start here
- The Oil CurseMichael L. Ross, 2012
- Managing Petroleum Resources: The 'Norwegian Model'Farouk Al-Kasim, 2006
- Sovereign Wealth FundsChristopher Balding, 2012
Books 6
Michael L. Ross · 2012 · The best statistical treatment of why petro-states fail and Norway did not.
Farouk Al-Kasim · 2006 · Insider account by the geologist who designed Norway's licensing system.
Macartan Humphreys, Jeffrey D. Sachs, Joseph E. Stiglitz · 2007 · Norway is the counterexample the whole volume is arranged around.
Christopher Balding · 2012 · How these funds actually invest and what governs them; NBIM as benchmark.
Gordon L. Clark, Adam D. Dixon, Ashby H. B. Monk · 2013 · The reference on SWF governance; Norges Bank Investment Management is the central case.
George Lakey · 2016 · Popular and partisan, but the clearest short account of the Nordic bargain.