Curriculum Rich in Resources: Norway, Australia, Canada and More
Rich in Resources: Norway, Australia, Canada and More
How some resource-rich democracies avoided the resource curse - Norway's oil fund, Australia's mining boom and superannuation, Canada's oil sands and immigration model, Chile's copper rule, New Zealand's reforms, Dutch disease, commodity currencies and indigenous rights.
- Rich and Resource-Rich: Escaping the Curse Why some countries with abundant natural resources became rich and stable while others suffered, and what institutions made the difference. 📄 Read-aloud
- Norway's Oil Fund How Norway saved its oil wealth in the world's largest sovereign wealth fund, the rule that limits spending, and how the fund invests ethically. 📄 Read-aloud
- Australia's Mining Boom and China How China's growth drove a massive Australian mining boom in the 2000s, the economic benefits and strains it caused, and Australia's long run without recession. 📄 Read-aloud
- Dutch Disease How a resource boom can harm a country's manufacturing and other exports through a stronger currency and higher costs, and how countries try to prevent it. 📄 Read-aloud
- Australia's Superannuation System How Australia made retirement saving compulsory through employer contributions, how the system grew into one of the world's largest pension pools, and its lessons. 📄 Read-aloud
- Canada's Resource Economy and Oil Sands How Canada built a rich economy with large resource sectors, including the costly oil sands, and the tensions over pipelines, climate and provinces. 📄 Read-aloud
- Rich in Resources: Checkpoint 1 Quick checkpoint - five questions on the resource curse, Norway's fund, Australia's boom, Dutch disease and superannuation. 5 questions
- Canada's Immigration Model How Canada's points system selects skilled immigrants to drive growth, why many Indians have moved there, and why Canada tightened immigration after 2023. 📄 Read-aloud
- Chile's Copper and Its Fiscal Rule How Chile, the world's largest copper producer, used a structural fiscal rule and stabilisation fund to manage volatile copper revenue. 📄 Read-aloud
- New Zealand: Dairy, Reforms and Inflation Targeting How New Zealand's radical 1980s reforms reshaped its economy, why dairy exports matter so much, and how it pioneered inflation targeting. 📄 Read-aloud
- Commodity Currencies Why currencies like the Australian and Canadian dollars and the Norwegian krone rise and fall with commodity prices, and what this means for their economies. 📄 Read-aloud
- Indigenous Rights and Resource Projects How indigenous land rights in Australia, Canada and elsewhere shape mining and pipeline projects, and the economics of consent and benefit sharing. 📄 Read-aloud
- Lessons From Resource-Rich Democracies What India and other countries can learn from how Norway, Australia, Canada, Chile and New Zealand managed natural wealth, plus a recap of the module. 📄 Read-aloud