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

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

In 2006, Chile teemed with protesters after finance minister Andr�s 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.To view this DRM protected ebook on your desktop or laptop you will need to have Adobe Digital Editions installed. It is a free software. We also strongly recommend that you sign up for an AdobeID at the Adobe website. For more details please see FAQ 1&2. To view this ebook on an iPhone, iPad or Android mobile device you will need the Adobe Digital Editions app, or BlueFire Reader or Txtr app. These are free, too. For more details see this article.

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Ebook Details
Pages: 288
Size: 2.2 MB
Publisher: Yale University Press
Date published:   2016
ISBN: 2370007583720 (DRM-EPUB)
9780300222111 (DRM-PDF)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Government & Business
Nonfiction > Business & Economics > International > Economics
Nonfiction > History > Modern > 21st Century

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