LEADER 04228nam 2200697 a 450 001 9910969009403321 005 20200520144314.0 010 $a9798216022152 010 $a9786612294846 010 $a9781282294844 010 $a1282294849 010 $a9780313366147 010 $a0313366144 024 7 $a10.5040/9798216022152 035 $a(CKB)1000000000816742 035 $a(OCoLC)646833258 035 $a(CaPaEBR)ebrary10331621 035 $a(SSID)ssj0000343491 035 $a(PQKBManifestationID)11263646 035 $a(PQKBTitleCode)TC0000343491 035 $a(PQKBWorkID)10288999 035 $a(PQKB)10193829 035 $a(Au-PeEL)EBL3001309 035 $a(CaPaEBR)ebr10331621 035 $a(CaONFJC)MIL229484 035 $a(OCoLC)929145706 035 $a(MiAaPQ)EBC3001309 035 $a(OCoLC)268789568 035 $a(UtOrBLW)BP9798216022152BC 035 $a(Perlego)4168963 035 $a(EXLCZ)991000000000816742 100 $a20090429d2009 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aTake the money and run $esovereign wealth funds and the demise of American prosperity /$f[by] Eric C. Anderson 205 $a1st ed. 210 1$aWestport, Conn. :$cPraeger Security International,$d2009. 210 2$aLondon :$cBloomsbury Publishing,$d2024 215 $a1 online resource (264 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9780313366130 311 08$a0313366136 320 $aIncludes bibliographical references and index. 327 $aCover -- Contents -- Acknowledgments -- INTRODUCTION: Sovereign Wealth Funds: The Peril and Potential for America -- CHAPTER 1 The Sovereign Wealth Funds of Nations -- CHAPTER 2 Birth of a Sovereign Wealth Fund: The China Investment Corporation -- CHAPTER 3 Investing Like a Sovereign Wealth Fund -- CHAPTER 4 Evaluating Sovereign Wealth Funds -- CHAPTER 5 Trust but Verify -- CHAPTER 6 Take the Money and Run -- Epilogue -- Notes -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- Y -- W. 330 8 $aIn this book, an expert in the field explains why the United States is the world's largest debtor nation and how America's relationship to creditor states is of growing economic, diplomatic, and even national security concern. Foreign countries are not merely investing in U.S. corporations but are purchasing them outright: Abu Dhabi bought Citigroup securities, Kuwait purchased a large block Merrill Lynch stock, and China bought Morgan Stanley's convertible securities-and this happened before the September 2008 meltdown of Wall Street. The means by which wealthy foreign states make these purchases are sovereign wealth funds, their surplus capital that they are seeking to invest in order to generate the greatest return. Currently, the largest sovereign wealth funds are held by the United Arab Emirates (of which Abu Dhabi is part), Norway, Singapore, Kuwait, and the People's Republic of China; Qatar and Libya are also in the top ten. The United States has no such fund (although the state of Alaska does). This book takes a close look at China's and Norway's sovereign wealth funds to explain how they work. The author also uses domestic examples (Harvard's endowment, the California's state employees' retirement fund) to propose how the United States could create a sovereign wealth fund, speculating that such a fund could solve the looming Social Security funds shortfall. Most important, the book elucidates the national security aspects of not having an American sovereign wealth fund when so many other nations-both friend and foe-have them. 606 $aDebts, External$zUnited States 606 $aInvestments, Foreign$zUnited States 606 $aNational security$zUnited States 615 0$aDebts, External 615 0$aInvestments, Foreign 615 0$aNational security 676 $a336.3/4350973 700 $aAnderson$b Eric C$g(Eric Curt)$01123019 801 1$bUtOrBLW 906 $aBOOK 912 $a9910969009403321 996 $aTake the money and run$94337387 997 $aUNINA