Asia Times Online
16 Apr 2008
BERLIN - Germany's decision to introduce controls on investments from sovereign wealth funds (SWFs) in strategic domestic sectors is an indicator of growing protectionism in European and other industrialized countries against the neo-liberal globalization they once masterminded.
The German government announced on April 9 it was introducing controls on investments by SWFs, investment funds managed by oil-rich Arab states and other rapidly developing countries such as China, Singapore and India. A SWF is a state-owned fund that invests capital comprising financial assets such as stocks, bonds, property or other financial instruments.
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