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The hidden cost of prosperity: The country that became too rich for its own good

image sourced from original article at https://www.ynetnews.com/business/article/sjufixnvxl

Norway's immense prosperity, fueled by its vast oil and gas reserves and a sovereign wealth fund valued at over two trillion dollars, is now being seen as a potential obstacle to further progress. While the country has become one of the world's wealthiest and most economically stable nations, some observers argue that this success may be hindering social, economic, and scientific advancement. Norway's wealth fund, which owns a significant portion of global shares, continues to post impressive profits even during periods of global instability. However, questions are being raised about whether such affluence could be creating complacency and limiting innovation.

Original article source: https://www.ynetnews.com/business/article/sjufixnvxl
Source Id: 8798178532

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