Norway? No way!

Oliver Hartwich | The New Zealand Initiative | 03 July 2013

It is one of those ideas that come up again and again without ever being properly scrutinised – that a sovereign wealth fund (SWF) like Norway's is a fantastic idea that deserves to be copied elsewhere, even in New Zealand.

In late June, the National Business Review reported that Methanex New Zealand chief executive Harvey Weake is making the case for a Norwegian-style SWF. Government royalties from new oil and gas finds should go into this new fund to be available to future g...