| From Dnaindia.com: The current global economic crisis has led to greater acceptance of the role of government wealth funds (GWFs) as international investors. Sovereign wealth funds (SWFs) are an important component of the GWFs.
In the larger context of global macroeconomic balances, which are unlikely to be resolved soon, this acceptance is primarily due to the short-term consideration, particularly in industrial countries, of the urgent need to recapitalise their banks and to find buyers for an increasing amount of government debt. These debt levels are set to increase, creating huge future fiscal liabilities and risks..............................Full Article: Source
|