19.08.2009 - SWFs: myth or reality?...
On one side you have countries with effective account surpluses due to the luck of their geography (fe: Norway, Abu Dhabi, Alberta,....) or their hard work transforming them as "location of excellence for their service industries" (fe: S'pore, HK, Switzerland). These countries can develop effective SWF to manage their account surpluses. On the other side you have SWF created which are only "public accounting gimmicks" of countries with "no public account surpluses" (fe: France, Japan....).........Full Press Release: Source
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