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by p0ints
3006 days ago
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> Even Russia did kind of ok. That may be true from 10 thousand miles away. Upon closer inspection, there's a huge difference in current wealth and standard of living between Russia and say Finland, while 100 years ago they were roughly the same. Not to mention the unimaginable wealth of natural resources that Russia has, which, under proper political and economic policies, could make it into a Norway-like paradise. |
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Norway wasn't "made into a paradise" by its natural resources, it was just lucky to be the sole exception unafflicted by the resource curse:
https://en.wikipedia.org/wiki/Resource_curse