Re:Norway discovers Europe's largest deposit of rare earth m...
by Epa095 on Tuesday June 11, 2024 @03:34PM
(#40650521)
It's literally called 'Dutch disease', so there's the answer to your question ;-)
Re:Norway discovers Europe's largest deposit of rare earth m...
by JumpCrisscross on Tuesday June 11, 2024 @03:24PM
(#40650384)
> it seem like they're playing on easy mode
Now consider their climate and centuries of war.
Re:Norway discovers Europe's largest deposit of rare earth m...
by EA-3167 on Tuesday June 11, 2024 @01:05PM
(#40648796)
Truthfully it's neither fair nor unfair, it's academic. These minerals are not actually rare, they're ubiquitous, but they're energetically and environmentally unfavorable to exploit. China does it because of their um... unique economic system, and lack of eff's to give about the environmental consequences. Everyone else would have to pay a fortune in energy costs and another fortune mitigating environmental effects, which makes them economically unfavorable to exploit.
For Norway, just like Wyoming and a dozen other places this same story has played out, this changes nothing.
But nothing in the world has ever been fair. So unfair as it maybe, it's also normal.
General question, has any high HDI country fallen prey to the resource curse? (Maybe California and some communist nations?)
Norway has done well, and they've done very very well.... But, high HDI, no immigration, cultural homogeninity and infinite money hack does make it seem like they're playing on easy mode.
Many countries with lower starting HDI have navigated around their resource curses just as well (Singapore, Botswana).
Norway deserves credit, but it is an ineffective blueprint for nations looking to beat their own economic traps.