One of the most accepted assumptions in policymaker circles over the past decade has been that a government enjoying a growing dependence on oil revenues should establish a stabilisation fund. Using the positive examples provided by Norway and the US state of Alaska, the reasoning has been that such a fund may be used to stabilise national budgets and protect them from oil price volatility, as well as being invested over the long term to provide a return for future generations. With the exce
To continue reading...
Start a Risk.net Trial
Register for a Risk.net Business trial to access this article. Sign up today and get access to: