IDEAS home Printed from https://ideas.repec.org/h/spr/nrmchp/978-3-030-74107-5_8.html
   My bibliography  Save this book chapter

The Future of the GPF-G

In: Norway’s Sovereign Wealth Fund

Author

Listed:
  • Ole Bjørn Røste

    (Norwegian University of Science and Technology)

Abstract

The resource deposits in the Norwegian seas became a national treasure with developments in law of the seas that made the coastal states resource owners. With the help of foreign oil companies and hard bargaining public officials, it became possible to explore and extract resources from underneath the seabed, including in deep waters. This marked a contrast to development of oil deposits on land elsewhere. After a long while significant funds were saved and invested in international capital markets. In this process, a number of serially dependent milestones were reached, to earn, save and invest. Technically, Norway may be set for the long term with a fund some three times the size of her mainland GDP, of which only the real return is spent recurrently. The rest of this journey, however, will run across uncharted territory. One is not aware of long-lasting, publicly owned financial fortunes in the Western world to date.

Suggested Citation

  • Ole Bjørn Røste, 2021. "The Future of the GPF-G," Natural Resource Management and Policy, in: Norway’s Sovereign Wealth Fund, chapter 0, pages 251-255, Springer.
    • Handle: RePEc:spr:nrmchp:978-3-030-74107-5_8
    DOI: 10.1007/978-3-030-74107-5_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:nrmchp:978-3-030-74107-5_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.