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Christian Science Monitor

Christian Science Monitor

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Business & Economics

Uncle Sam as investor: Why America is considering a sovereign wealth fund

Christian Science Monitor
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82% Informative

A sovereign wealth fund can help a nation stabilize its economy, build savings and generate long-term financial returns.

Successful funds can pay for national programs without raising taxes.

But economists say such a fund might invite corruption and cronyism.

Of the more than 90 nations with one or more SWFs, Norway is the star.