Download PDF by Angela Cummine: Citizens' Wealth: Why (and How) Sovereign Funds Should be

By Angela Cummine

ISBN-10: 030021894X

ISBN-13: 9780300218947

In 2006, Chile teemed with protesters after finance minister Andrés Velasco invested price range surpluses from the nation’s historical copper growth in Sovereign Wealth money. A 12 months later, whilst costs plummeted and unemployment soared, Chile’s govt was once in a position to stimulate restoration by means of drawing at the funds.
State-owned funding cars that carry public cash in a variety of resources, Sovereign Wealth cash allow governments to entry an unheard of measure of wealth. accordingly, extra international locations are looking for to set up them. taking a look at 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 should still the cash be controlled, invested, and dispensed? With sovereign funds—and media attention—continuing to develop, this is often 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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