“I’d say Norwegians are better at making the most out of their assets. Norwegians believe in education, technology and investment and they are also true patriots.”
The oil rich nations like Saudi Arabia have and continue to squander their oil incomes, laying little groundwork for post oil economies.
After five decades of training, they still cannot engineer their oil industries, having to import technical workers, while their own countrymen sit around plotting terror.
Norway, on the other hand, will likely be well positioned for post oil competition, because as you say, they are smart and work hard.
The nordic nations do benefit from small, mostly homogenous populations, too.
“After five decades of training, they still cannot engineer their oil industries, having to import technical workers, while their own countrymen sit around plotting terror.”
- This is true. 500 years ago, the Muslim World nourished a culture of learning, research, science and education.
What happened to it?
It seems like the more successful the Western World becomes, the deeper the Muslim World sinks into a swamp of religious extremism.
I don’t think there is much post-oil future for the Saudi’s regardless of what they do, unless somebody figures out VERY cheap desalination methods along with a use for all of their sunshine. Now, they’d be in clover if solar energy ever became inexpensive.