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How Norway Became a Quiet Powerhouse: The Sovereign Wealth Fund Phenomenon
Norway, a Scandinavian nation of just 5.5 million people, has emerged as a significant player in global economics, boasting a wealth far exceeding that of larger nations. Its possession of a sovereign wealth fund that manages an estimated $1.8 trillion in assets has made it one of the most influential countries in the world, quietly controlling stakes in thousands of companies while flying under the radar. This article dives into how Norway built its wealth and influence, exploring the remarkable story behind its Sovereign Wealth Fund.