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In an effort to avoid the “resource curse”—a phenomenon where resource-rich nations fall into economic turmoil—Norway established the Government Pension Fund Global (GPFG) to manage oil revenues wisely. By investing these revenues into a diverse portfolio, Norway sought to protect its economy from the volatile nature of oil prices while generating sustainable income.
Divided into two branches, the GPFG focuses primarily on international investments, while the Government Pension Fund Norway manages domestic assets. Notably, the GPFG operates as the world's largest sovereign wealth fund, with stakes in approximately 9,000 international companies, showcasing Norway's influence in global markets.