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The wave of job cuts in the steel industry, blamed on the high dollar, has reignited calls for a sovereign wealth fund to rein in the exchange rate.
A sovereign wealth fund is a savings pool used by commodity-rich countries such as Norway to invest the windfall of a resources boom or to soften the blow from a sudden fall in commodity prices……………………………………….Full Article: Source
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Sovereign Wealth Funds Briefing - Categorized | Trends
Australia: Industry cuts trigger call for sovereign wealth fund
| Posted on 23 August 2011 |
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