New PDF release: Citizens' Wealth: Why (and How) Sovereign Funds Should be

By Angela Cummine

In 2006, Chile teemed with protesters after finance minister Andrés Velasco invested price range surpluses from the nation’s ancient copper increase in Sovereign Wealth cash. A yr later, whilst costs plummeted and unemployment soared, Chile’s govt was once in a position to stimulate restoration by way of drawing at the funds.
 
State-owned funding cars that carry public money in quite a lot of resources, Sovereign Wealth money permit governments to entry an unheard of measure of wealth. as a result, extra international locations are seeking for to set up them. Chile, China, Australia, Singapore, and diverse different examples, together with a comparative research of england and Norway’s use of oil sales, Angela Cummine tackles the most important moral questions surrounding their use, together with: To whom does the wealth belong? How may still the cash be controlled, invested, and allotted? With sovereign funds—and media attention—continuing to develop, this can be a useful examine a hotly debated monetary issue.

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Citizens' Wealth: Why (and How) Sovereign Funds Should be Managed by the People for the People by Angela Cummine


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