| Description |
1 online resource (xiv, 280 pages) |
| Series |
Online access with DDA: Askews (Economics)
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| Contents |
Frontmatter -- CONTENTS -- FIGURES AND TABLES -- ACKNOWLEDGEMENTS -- ABBREVIATIONS -- 1. Introduction: The Santiago dilemma -- 2. Do sovereign funds make nations richer? -- 3. Whose wealth is it: state's or citizens'? -- 4. The Tsipras point: control of and benefit from community wealth -- 5. No accumulation without representation! -- 6. Dirty money: generating sovereign wealth ethically -- 7. Role models of community control: Norway and New Zealand -- 8. Show me the money! Citizen benefit from sovereign wealth -- 9. Owner-state or owner-people: lessons from Alaska -- 10. Fighting inequality with sovereign wealth -- 11. Past the peak? The future of sovereign wealth accumulation -- 12. Transforming sovereign funds into community funds -- APPENDIX 1. The world's sovereign wealth funds (as at April 2016) -- APPENDIX 2. Select sovereign wealth fund definitions -- APPENDIX 3. Truman scoreboard of sovereign wealth funds (2009-12) -- ENDNOTES -- BIBLIOGRAPHY -- INDEX |
| Summary |
"In 2006, Chile teemed with protesters after finance minister Andres Velasco invested budget surpluses from the nation's historic copper boom in two Sovereign Wealth Funds. A year later, when prices plummeted and unemployment soared, Chile's government was able to stimulate recovery by drawing on the funds. State-owned investment vehicles that hold public funds in a wide range of assets, Sovereign Wealth Funds enable governments to access an unprecedented degree of wealth. Consequently, more countries are seeking to establish them. Looking at Chile, China, Australia, Singapore, and numerous other examples, including a comparative analysis of Britain and Norway's use of oil revenues, Angela Cummine tackles the key ethical questions surrounding their use, including: To whom does the wealth belong? How should the funds be managed, invested, and distributed? With sovereign funds--and media attention--continuing to grow, this is an invaluable look at a hotly debated economic issue"-- Provided by publisher |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Sovereign wealth funds.
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Investments -- Political aspects
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Democracy.
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BUSINESS & ECONOMICS -- International -- Economics.
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POLITICAL SCIENCE -- Public Policy -- Economic Policy.
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BUSINESS & ECONOMICS -- Government & Business.
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HISTORY -- Modern -- 21st century.
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Democracy
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Sovereign wealth funds
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| Form |
Electronic book
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| ISBN |
0300222114 |
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9780300222111 |
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