EAN: 9783319964119

KNOWLEDGE-BASED GROWTH IN NATURAL RESOURCE INTE...

This book rejects the idea that natural resource industries are doomed to slow growth. Rather 
it examines the case of Norway to demonstrate that such industries can prove highly innovative
and dynamic.Here  the case is compellingly made that a key empirical problem with the popular
'resource curse' argument is that some of the richest countries in the world - namely Norway 
Sweden  Canada and Australia - have all developed fast-growing economies based on natural
resources. Analysis of innovation and knowledge development in natural resource industries
reveal important new insights about the role of learning and innovation. These insights are key
to understanding variances in growth levels between natural resource-based economies. Ranestad
illustrates how Norway's high economic performance is built on knowledge-based natural resource
industries. While Norwegian industries may have originated because of foreign technology and
expertise  they thrived due to further developments carried out by organisations within Norway.
Ranestad looks at how these developments were possible due to the country's high level of human
capital  capacity for knowledge absorption and ability to adapt to new global technological and
economic circumstances.

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