How well is it working in Sub-Saharan Africa?
And, uh, Norway is diversifying its economy, instead of doubling-down on resource extraction. It's not actively de-industrializing.
And, uh, Norway is diversifying its economy, instead of doubling-down on resource extraction. It's not actively de-industrializing.
Wish my own government here in Australia had the brains and chutzpah to do this a few years back. We've never been much cop when it comes to visionary economics (apart from, arguably, rum being our first legal currency).
(1) https://www.bloomberg.com/news/articles/2017-10-02/norway-s-...
It's about 10% of the size of Norway's so not especially impressive but it does exist.
[1] https://en.wikipedia.org/wiki/Australian_Government_Future_F...
Half of Europe was bombed, butchered or destroyed 75 years ago, the other half was enslaved or otherwise ruled by dictators for a generation.
China was tortured by several of the colonial powers, the Japanese, and then Mao. It's the world's #2 economy today.
Japan was flattened and nuked. It's the world's #3 economy today.
Germany was destroyed, split in half, and impoverished on one half for two generations. It's the world's #4 economy today.
South Korea survived a horrific civil war and Japanese occupation. Starting from intense poverty just 50 years ago - $150 per capita GDP - it now has the world's #11 economy.
And so on.
After the end of the Korean War 1950 - 53, South Korea was the absolute last on the planet in terms of GDP. Poorer than most of the poorer nations.
And remember the trauma of having gone through a conventional warfare that went up and down the peninsula about 4 time. Not some guerrilla warfare where a neighborhood here and there goes up in smoke but a good old WW1 style warfare of massive artillery barrages.
And before the Korean War, Korea was largely a place stuck in the 19th century, with no modern education or institutions to speak of.
In 64 years, they educated the population, built up basic economy, and than kept on advancing.
Same story in Western Germany; massive investments from the West to prevent them from turning to the Soviet block.
And so on. Don't oversimplify History.