Sovereign Wealth Funds

The Peterson Institute’s Ed Truman reviews some of the issues surrounding the growth of sovereign wealth funds, including Australia’s Future Fund, noting that:

Large cross-border holdings in official hands are at sharp variance with today’s general conception of a market-based global economy and financial system in which decision making is largely in the hands of numerous private agents pursuing commercial objectives.

posted on 10 August 2007 by skirchner in Economics, Financial Markets

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