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| Topic: |
History
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| Number of pages / Number of words: |
14 / 3703 |
Essay's paper body
It is said to have grown at 18 per cent last year and reached $3.3 trillion and is expected to hit $13 trillion in the coming decade.
SWFs are typically created when governments have budgetary surpluses and have little or no international debt. This excess liquidity is not always possible or desirable to hold as money or to channel it into consumption immediately...
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This excess liquidity is not always possible or desirable to hold as money or to channel it into consumption immediately. This is especially the case when a nation depends on raw material exports like oil, copper or diamonds. To reduce the volatility of government revenues, counter the boom-bust cycles' adverse effect on government spending and the national economy or build up savings for future generations, SWFs may be created...
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