How to beat the resource curse in Norway (Summer School)

Planet Money Summer School explores how Norway avoided the resource curse after striking oil. The episode contrasts Norway's handling of its oil wealth with its salmon glut, examining how the country managed a sudden resource boom by exercising restraint. Key economic concepts like the Dutch disease, coordination problems, and the free-rider problem are explained through Norway's experience. The story highlights strategic decisions that allowed Norway to get rich and stay that way, while creatively dealing with an oversupply of salmon.