Government Policy

Most oil-rich nations suffer economic decline, corruption, and political instability. Norway did the opposite. Here's the counterintuitive economics of why natural wealth usually destroys nations – and the specific policies that made Norway the exception.

Every oil-rich nation faces the same dilemma: be friendly to attract investment, or be tough to capture value. Norway chose both – and became the world's most successful petrostate. Here's how they did it.

Military spending looks like a black hole for taxpayer money. But economic analysis of the Swedish Gripen jet reveals a counter-intuitive truth: the civilian spillovers were so valuable they paid for the entire program – and then some.