The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
August 26th, 2011
Episode 403 of 964 episodes
With their current leader, Moammar Gadhafi, on the run, Libya needs to start thinking about its next big challenge — what to do with the massive amount of wealth they as a country possess in oil. It sounds strange to worry about a huge influx of money, but almost all countries that find oil suffer from the natural resource curse.There is, however, one notable exception — Norway.An Iraqi geologist named Farouk al-Kasim advised Norway on how to organize its oil industry, and he is credited with helping it escape the resource curse.Today on the podcast, he tells us how he did it.