| 23.12.2009 - Sovereign wealth funds |
| From Desert Wind: There is nothing new about a sovereign wealth funds. The first major fund was created in Kuwait in 1953. The goal was to invest for the country’s future, and to stabilize the economy as the price of oil changed dramatically. But the shift in the world’s economic reality made these kinds of operations suddenly more powerful, more important and, in some countries, more feared.What gave them such importance?.......................................Full Article: Source |