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Because it allows them to maximise the returns? If it was Norway first the fund would be worth nowhere near a trillion dollars...
by andy_ppp 7y ago
Because it allows them to maximise the returns?
If it was Norway first the fund would be worth nowhere near a trillion dollars...
- Majromax 7y ago> Because it allows them to maximise the returns? That's also the major difference between a sovereign wealth fund, designed to provide income to the state, and an economic development fund. It also raises real political risks: it takes government competence over the long term to not use such a fund as an easy source of money for patronage-type "investments."