As the article points out, the economic miracle of Norway is fueled by oil and gas, just like Spain economic miracle was fueled by cheap industrial labour and construction decades ago.
Unlike Spain, they have been wise enough to use their money to diversify their economy, aware that this won't last forever.
Sadly there are few lessons we can learn and apply here to other countries, as not everyone has a tiny population and literally sits on mountains of money. Still I'm looking forward to see if their efforts pay off, and we don't find that the next generation of norwegians have a drop of 30% in their disposable income with respect to their parents.
Unlike Spain, they have been wise enough to use their money to diversify their economy, aware that this won't last forever.
Sadly there are few lessons we can learn and apply here to other countries, as not everyone has a tiny population and literally sits on mountains of money. Still I'm looking forward to see if their efforts pay off, and we don't find that the next generation of norwegians have a drop of 30% in their disposable income with respect to their parents.