Column: No need for protectionism of sovereign wealth

02/8/2008 | Forbes

Most of the thinking on sovereign-wealth investment in the U.S. is illogical, Paul Maidment writes in a Forbes column. Sovereign-wealth funds are suddenly viewed as a threat as they start to invest in struggling U.S. companies, even though foreign nations have long invested in U.S. debt. "Their Achilles' heel is their perceived lack of transparency and a persistent concern that they will be motivated by more than just market considerations, which provides ammunition for the conspiracy theorists among their critics and feeds the forces of protectionism stirring in this U.S. presidential election year," Maidment said.

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