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Drezner on Sovereign Wealth Funds

This summer somebody is going to write a great law review article on sovereign wealth funds. It won’t be me. I’ve got books to write. But some pup will. When they do so, they should check out Dan Drezner’s brief take. Money quote:

There are some foreign policy reasons to be concerned about some sovereign wealth funds—but I don’t see any economic motivation to get all riled up about them. This holds with particular force at the present moment. As the head of Norway’s fund put it at the panel: “It seems you don’t like us, but you need our money.”

Is he right?