Just build your entire economy around oil. What could possibly go wrong?
Just build your entire economy around oil. What could possibly go wrong?
It could be worse...
h-haha. imagine your economy relies on oil...
Putin will fix this I'm sure
Easy: Just replace 70% of exports with something else
Nothing will happen to Norway, they got too much generational wealth, like their country's borders have been consistent for a thousand years and were spared the worst wars.
Check your ultra white privilege
It's as good of an export product as anything else. What you do with the money you get in return is what matters.
Norway is probably the best example. They have used up the wealth generated from oil export to build an economy able to sustain itself once it eventually becomes unprofitable to drill it anymore
Holy shit
I think Norway has policies that mitigate the resource curse.
Try Angola
I want to see norway suffer
amateurs
Nothing will happen to us and you won't get your children back.
I love Norway :3
Ahem
haha... yeah, imagine having an undiversified economy, haha...
I cannot even imagine this, it's so ludicrous.
We safe I guess
Yo amo EspaƱa :3
Copper! Yumm
Diversity is the new oil
I feel sorry for the UAE. They tried hard to diversify their economy and decided to rely on a tourism. But oil became cheaper than water and tourism sphere is fucked
Based Angola
China won again bros... how do they keep doing it?
oh boy
Imagine being this incompetent at economics. We're a country that had a population of 5M when this export tree map was made in 2012. We had a labour force of 2.8M people and exported mineral (petroleum) products worth $95.2B. How exactly do you suggest that we make our tree map not completely dominated by this statistic when countries with similar population sizes like Denmark, Finland and New Zealand's entire exports (mineral products excluded) that year were $92B, $64.6B and $38.3B. Take a moment to think how these countries' exports tree maps would have shifted if we handed that $95.2B petroleum revenue over to them today and you realize how retarded it is to use this chart as some proof that Norway's economy has no skilled human capital. It's ranked as the 21st most complex economy in the world according to the observatory of economic complexity (OEC) despite having the luxury of being able to live entirely off petroleum goods in theory.
>oil
*blocks your economy*
>Human or animal blood
>2%
So many questions.
>dacia reprezinta 5,7% din economie
ar fi catastrofic sa se intample ceva cu dacia in opinia mea
Fucking retards that think that they can rig the system because they export oil
SUCK THIS DIVERSIFIED ECONOMY
>BLAH BLAH BLAH BLAH
oilnigger
>Flat
>0.33%
Nice.
I have a feeling norway will be fine lol
>"Womens,girls"
>"Panty"
lmao
>only 0.39% of economy
disapointing