Their economy is pretty much exclusively oil-based, very few other industries.
If you run the numbers their fund will fund current expenses for only a decade or so if oil stopped completely. Which isn't really enough time to start other industries for their citizens to have jobs.
So they're basically completely dependent on oil, with maybe a short runway for afterwards. They did not break the curse.
you argue that the curse is to have majority of your economy oil/resource extraction related businesses.
But my point is that the curse is that there is a stimulus to stop doing any other businesses. And it seems that Norway has largely avoided that by forcing as much oil money as possible out of the economy(oil fund)
Their economy is pretty much exclusively oil-based, very few other industries.
If you run the numbers their fund will fund current expenses for only a decade or so if oil stopped completely. Which isn't really enough time to start other industries for their citizens to have jobs.
So they're basically completely dependent on oil, with maybe a short runway for afterwards. They did not break the curse.