2. Do sovereign funds make nations richer?

Chapters in this book

1. Frontmatter i
2. CONTENTS vii
3. FIGURES AND TABLES ix
4. ACKNOWLEDGEMENTS x
5. ABBREVIATIONS xiii
6. 1. Introduction: The Santiago dilemma 1
7. PART I. THE BLESSINGS AND BURDENS OF SOVEREIGN WEALTH
8. 2. Do sovereign funds make nations richer? 19
9. 3. Whose wealth is it: state’s or citizens’? 36
10. 4. The Tsipras point: control of and benefit from community wealth 58
11. PART II. DEMOCRATIZING SOVEREIGN FUNDS
12. 5. No accumulation without representation! 71
13. 6. Dirty money: generating sovereign wealth ethically 93
14. 7. Role models of community control: Norway and New Zealand 113
15. PART III. DISTRIBUTING SOVEREIGN WEALTH
16. 8. Show me the money! Citizen benefit from sovereign wealth 135
17. 9. Owner-state or owner-people: lessons from Alaska 160
18. 10. Fighting inequality with sovereign wealth 182
19. PART IV. WHAT NEXT?
20. 11. Past the peak? The future of sovereign wealth accumulation 195
21. 12. Transforming sovereign funds into community funds 207
22. APPENDIX 1. The world’s sovereign wealth funds (as at April 2016) 218
23. APPENDIX 2. Select sovereign wealth fund definitions 224
24. APPENDIX 3. Truman scoreboard of sovereign wealth funds (2009–12) 226
25. ENDNOTES 229
26. BIBLIOGRAPHY 253
27. INDEX 272