The resource curse in new light: research findings on fiscal policy in Andean and Nordic countries
Nordic and Andean countries started their economic modernisation in the same way: with export of raw natural resources. Later on, Norway and Sweden became rich, while Bolivia, Chile and Peru followed a quite different path. What made them diverge from the common road? Different fiscal policies may be one of the reasons, new research from Lund University suggests. In the mid-19th century, Norway ex
https://www.lusem.lu.se/article/resource-curse-new-light-research-findings-fiscal-policy-andean-and-nordic-countries - 2026-07-01