Sunday, September 02, 2007
A Fear of Foreign Investments
The US debt has given many countries excess liquidity – and the ability to buy companies abroad. Although so far there has been no turmoil as a result of foreign buy-outs, Germany expresses concern about Russia purchasing strategic energy routes in Europe for political gain. Even in the US, there has been public outcry when China and Dubai tried to buy oil and port firms, respectively. To avoid political backlash, sovereign wealth funds need to become transparent in their international operations. – YaleGlobal
See full Article.