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Article: In praise of foreign investment: best practices for the sovereign wealth funds.
- Article from:
- The International Economy
- Article date:
- March 22, 2008
- Author:
CopyrightCOPYRIGHT 2008 International Economy Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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International investment in the United States fuels the U.S. economy by creating well-paid jobs, importing new technology and business methods, and providing healthy competition that fosters innovation, productivity gains, lower prices, and greater variety for consumers. President Bush reiterated the longstanding U.S. commitment to open investment in his May 10, 2007, "Statement on Open Economies," where he affirmed that "[O]ur prosperity and security are founded on our country's openness."
Sovereign wealth funds have attracted significant attention recently, due in large part to their rapid growth in number and size. This growth undoubtedly brings with it ...