| 10.12.2009 - Could Dubai World's debt default spark a crisis in the Middle East and beyond? |
| From Knowledge@Wharton: While it is true that sovereign wealth funds are used to invest financial reserves, such as the wealth from oil revenue, "most sovereign wealth funds are very prudent. They don't take major risks." Dubai World, though connected to the government, is different from a sovereign wealth fund because it is not being used to diversify the nation's resources but, instead, to borrow money to create resources...................................Full Article: Source |