Norway, once despised by two wealthy neighbors for a long time, has been committed to developing its own advantageous industries in order not to be looked down upon by others. Even though the country discovered a large amount of oil and unexpectedly acquired a large amount of wealth, Do not forget your initiative mind still used oil wealth to set up wealth funds and buy shares in overseas high-quality assets, which made the wealth skyrocket. Therefore, the original poor and local country people have now become the richest people in the world.

First, develop advantageous industries

Norway used to be a subsidiary country of Denmark and Sweden in history. Because of its backward economy, its two neighbors, Denmark and Sweden, looked down on Norway and once ridiculed the Norwegians as rural people. Therefore, after Norway's independence, Norwegian Prime Minister Kiehudson made a century-old plan based on Norway's rich resources, focusing on developing fisheries, mining and paper industry, while other industries relied on development, and Norway earned the first bucket.

windfall

in p>1959, the Netherlands discovered the world's largest offshore oil field in the north sea? In Beihai Oilfield, Norway quickly expanded its territorial sovereignty to Beihai, making more than half of the sovereignty of Beihai Oilfield owned by Norway. If foreign oil companies want to transport oil out of Norway, they have to pay 78% oil income tax. Subsequently, Norway established its own state-owned oil company, and the income from Beihai Oilfield entered the Norwegian government's finances. When the West sanctioned the Middle East countries, Norway accumulated a lot of wealth with oil. III. Do not forget your initiative mind

After the discovery of a large amount of oil in Norway, Norway did not completely rely on oil. On the contrary, it still insisted on implementing the centennial plan to build Norway's advantageous industries, which made Norway's other industries still flourish except oil, which also prevented it from falling into a financial deficit like other oil-rich countries.

On the contrary, the Norwegians are cautious. When they didn't figure out how to use oil wealth to earn more benefits, they had very strict restrictions on oil exploitation. It was not until the 199s that Norway decided to set up a sovereign wealth fund that the amount of oil exploitation was released.

fourth, invest in the world?

Norway has invested all its sovereign wealth funds in overseas markets, which can not only avoid pushing up the exchange rate of the Norwegian krone, but also enjoy the bonus of the global economic rise. Moreover, the Norwegian government will only use the proceeds this year, and will not use the principal. Therefore, Norwegian sovereign funds have been earning a lot of foreign exchange for Norwegians for many years.

V. renaming funds to ease the worries of western countries

Generally speaking, sovereign funds will be suspected by western countries to have a strong political color, have a strict censorship system, and strictly control the shareholding, so the Norwegian government renamed sovereign funds as pension funds, and the income earned was used for national pension, which greatly eased the anxiety of western countries about fund investment, and enabled Norwegians to quickly control the global stock market value of 1.5%.