23.11.2012 - Taiwan: A sovereign wealth fund would be a poor policy
Because of poor monitoring and slack operation of Taiwan’s four major funds — the Labor Insurance Fund, the Labor Pension Fund, the Public Service Pension Fund and the Postal Savings Fund — Minister of Finance Chang Sheng-ford has proposed setting up a new fund, similar to a sovereign wealth fund. This is truly a frightening idea. The world’s major sovereign wealth funds are mostly based in oil-producing countries or countries that are less democratic, have no need for accountability or lack political transparency, such as China or Singapore...............................................Full Article: Source
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