> If oil wealth was all you needed to have good government, then the arab world would look drastically different
It's not all you need. But if good intentions are there, it makes a little difference whether you have a $700b oil fund (for a population of 5 million) or not. In other words, many other countries might be similarly well governed, but lacking financing.
> Sweden actually has a quite low corporation tax.
It was higher than the EU average until Jan 1st 2013.
It's not all you need. But if good intentions are there, it makes a little difference whether you have a $700b oil fund (for a population of 5 million) or not. In other words, many other countries might be similarly well governed, but lacking financing.
> Sweden actually has a quite low corporation tax.
It was higher than the EU average until Jan 1st 2013.