Norway's Bergo on the Petroleum Fund

In aspeech on 'The effect of the Petroleum Fund on the Norwegian economy' given on 22 October, Jarle Bergo of Norges Bank said that oil is a major component of the Norwegian economy - with all the advantages and disadvantages this entails. Oil gives us an economic base that is not available to many other countries. But it also presents us with considerable challenges. How should we use our petroleum wealth wisely?

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