| Like a lottery-ticket buyer suddenly confronted with a jackpot, Israel must take special care not to squander the enormous potential return from its offshore natural-gas fields.
That’s the effective message from a report this week by the Milken Institute, which lays out how Israel might create a sovereign-wealth fund to manage the energy windfall. “The sudden injection of vast revenue derived from natural-resource wealth, be it gold or oil or natural gas, has a long history of wreaking havoc in both developed and developing countries,” the report from the Santa Monica, Calif., economic think tank says...............................................Full Article: Source
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