CITIZENS' WEALTH


CITIZENS' WEALTH

ANGELA CUMMINE    Book Number: 85873    Product format: Hardback

Dr Angela Cummine, renowned macroeconomist and geopolitical analyst, opens her book with a simple question - "How can more governments be wealthier than ever, while fewer citizens enjoy the benefits that such wealth can bring?" At time ever have so many governments possessed so much wealth in the form of financial assets amassed in state-controlled investment funds. Over 70 countries possess a Sovereign Wealth Fund (SWF), financial vehicles which store and invest state wealth derived from natural resources and other financial windfalls in the world's financial markets. Presently these have an estimated worth of over US$6 trillion, dwarfing both private equity and hedge fund holdings. Despite this, the effects of the 2008 financial crash continue to be felt. Inequality has increased, poverty continues to rise and the global economy remains sluggish. As governments around the world try to kick-start growth, Dr Cummine shows how and why this enormous fund is such a powerful economic tool which if managed in the interests of its rightful beneficiaries - the people - can boost the living standards of everyone, particularly those who are poorest. By exploring the global experiences of SWF management across the world from Britain to Alaska, Chile to Singapore and New Zealand to Norway, Citizen's Wealth offers a blueprint that shows how the capital in SWFs can work to the benefit of communities and reflect, promote and protect the interests and values of their citizen-owners - sovereign wealth becomes citizen's wealth. This timely examination makes an apparently complex subject understandable and huge interest to both economists and the general reader. 294pp.
Published price: £20
Bibliophile price: £5.00


Additional product information

ISBN 9780300218947
Browse these categories as well: Business & Computers, Modern History/Current Affairs

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