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 funds surpluses from the nation’s ancient copper growth in Sovereign Wealth cash. A yr later, while costs plummeted and unemployment soared, Chile’s executive was once in a position to stimulate restoration via drawing at the funds.
State-owned funding autos that carry public cash in a variety of resources, Sovereign Wealth money let governments to entry an remarkable measure of wealth. for that reason, extra international locations are trying to find 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 allotted? With sovereign funds—and media attention—continuing to develop, this can be a useful examine a hotly debated fiscal 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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