22.02.2012 - Futility in a sovereign wealth fund
There has been growing debate as to whether Australia should make greater use of Australia’s sovereign wealth fund, the Future Fund, to manage fluctuations in the federal budget balance due to commodity price cycles and the business cycle. It has also been argued that Australia needs a sovereign wealth fund to better manage the macroeconomic consequences of the “terms of trade” boom, such as the rising Australian dollar and the so-called “Dutch disease”. A sovereign wealth fund has also been advocated as a mechanism for sharing the revenue from the global commodity price boom with future generations...............................................Full Article: Source
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