Norway, world's biggest sovereign fund?
http://www.bbc.co.uk/news/world-europe-24049876
Seems to me that while the likes of Qatar , Dubai and AD are publickly out there in terms of media exposure of their Sovereign Funds, the Norwegians have been quietly going about their business without much fanfare. |
Re: Norway, world's biggest sovereign fund?
The UAE ain't doing so bad:
http://www.swfinstitute.org/fund-rankings/ To be fair, the Norwegians were starting from a point of relatively advanced development and employed a policy of "bank it now, spend it later". The Gulf states have had to build entire institutions and national infrastructure in a matter of decades. Given that, their (the Gulf SWFs) relative scale is mighty impressive. |
Re: Norway, world's biggest sovereign fund?
Originally Posted by csdf
(Post 11025917)
The UAE ain't doing so bad:
http://www.swfinstitute.org/fund-rankings/ To be fair, the Norwegians were starting from a point of relatively advanced development and employed a policy of "bank it now, spend it later". The Gulf states have had to build entire institutions and national infrastructure in a matter of decades. Given that, their (the Gulf SWFs) relative scale is mighty impressive. |
Re: Norway, world's biggest sovereign fund?
Great to see the economic powerhouses of the world like East Timor, Botswana and Palestine making the list, but the UK not featuring.
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Re: Norway, world's biggest sovereign fund?
Originally Posted by the_red_sheep
(Post 11026017)
Great to see the economic powerhouses of the world like East Timor, Botswana and Palestine making the list, but the UK not featuring.
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Re: Norway, world's biggest sovereign fund?
Originally Posted by Boomhauer
(Post 11025932)
The GCC states had/have the advantage of: indentured servitude, no labor laws, slavery, highly exploited and abused blue collar workers; all which Norway didn't have.
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Re: Norway, world's biggest sovereign fund?
Originally Posted by Boomhauer
(Post 11024969)
http://www.bbc.co.uk/news/world-europe-24049876
Seems to me that while the likes of Qatar , Dubai and AD are publickly out there in terms of media exposure of their Sovereign Funds, the Norwegians have been quietly going about their business without much fanfare. |
Re: Norway, world's biggest sovereign fund?
Originally Posted by Scamp
(Post 11026062)
Huge sovereign fund, but only 6 hours of sunlight. Proof that you can't have it all
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Re: Norway, world's biggest sovereign fund?
Originally Posted by UKCityGent
(Post 11026066)
Thats becuase they have some very beautiful ladies - so swings and roundabouts really ..
Pros: Beautiful Ladies (some) Huge sovereign wealth fund Cons: Lack of daylight At the moment I'm not sure whether lack of daylight contributes to Pro no.2 or if they're unrelated. |
Re: Norway, world's biggest sovereign fund?
Originally Posted by csdf
(Post 11026048)
All true, but what does that have to do with sovereign wealth funds?
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Re: Norway, world's biggest sovereign fund?
Originally Posted by csdf
(Post 11026048)
All true, but what does that have to do with sovereign wealth funds?
If a person here in America was afforded such ridiculously cheap labour and did not have to follow health and safety laws, they too would have an easier time accumulating such vast riches. -- Edit What Meow alludes to. |
Re: Norway, world's biggest sovereign fund?
Originally Posted by Scamp
(Post 11026069)
So; Pros and Cons
Cons: Lack of daylight |
Re: Norway, world's biggest sovereign fund?
Originally Posted by OleJanx
(Post 11026126)
I wonder what they get up to with all that darkness around them....:D
Note; I'm not condoning it, I must have watched too many bad films. Spoiler:
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Re: Norway, world's biggest sovereign fund?
Leaving the Union with Sweden in 1905 was a smart move.
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Re: Norway, world's biggest sovereign fund?
Originally Posted by scot47
(Post 11026150)
Leaving the Union with Sweden in 1905 was a smart move.
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