| From Abc.az: The State Oil Fund of Azerbaijan (SOFAZ), according to world’s leading economists, is to be one of the bases of a new form of capitalism. Discussion titled "Sovereign funds and long-term investments: a new form of capitalism?" has been held at Columbia University with participation of George Soros, Nobel Prize winners in economics, heads of major banks and investment funds.
According to their estimates, the size of sovereign wealth funds in the next few years will grow up to $10-12 trillion from current $3.8 trillion, and it will be comparable to GDP of the world’s largest economy - the United States..............................................Full Article: Source
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