Sovereign Wealth Fund

Norway? No way!

The idea of copying the Norwegian example of an SWF in New Zealand is simple, tempting, attractive – and wrong. [...]

Australia’s Norwegian doppelganger

The much praised Norwegian SWF may not be as shining an example as it first appears. Australia is well advised to think twice before following the Norwegian model. And, in any case, before it can ‘save’ any money, the Australian government should first reduce its $42 billion budget deficit. Otherwise Australia could end up looking like some entirely different European countries. [...]