To Benefit from Plenty: Lessons from Chile and Norway

76 Pages Posted: 19 Dec 2008

Date Written: December 19, 2008

Abstract

The lessons from resource-rich Chile and Norway highlight important points for international development policy. Resource-rich countries need advice on how to build institutions to manage inflows. Learning from Norway, Chile and other resource-rich economies could make commodity-related international co-operation a major aspect of foreign affairs policies, bringing expertise to neighbouring or other middle- and low-income countries. The creation in Chile, the world largest exporter and producer of the metal, of a World Copper Institute could be one example of a resource-based foreign policy.

Suggested Citation

Havro, Gøril Bjerkhol and Santiso, Javier, To Benefit from Plenty: Lessons from Chile and Norway (December 19, 2008). OECD Policy Brief No. 37, Available at SSRN: https://ssrn.com/abstract=1318163 or http://dx.doi.org/10.2139/ssrn.1318163

Gøril Bjerkhol Havro

Norges Bank ( email )

P.O. Box 1179
Oslo, N-0107
Norway

Javier Santiso (Contact Author)

ESADE Business School ( email )

Mateo Inurria 27
Madrid, 28036
Spain

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