By Brett Keller
Brad Setser of the Council on Foreign Relations has written a report on the strategic consequences of investment by sovereign wealth funds in the United States. The 69-page report, entitled “Sovereign Wealth and Sovereign Power: The Strategic Consequences of American Indebtedness” is available online as a PDF here (2.9 MB). This is part of a series of “Special Reports” on American competitiveness released by CFR.
Vivianne Rodrigues of Reuters offers a good summary:
The longer the United States relies on international central banks and sovereign funds to support large external deficits, the greater the risk the economy’s need for external credit will constrain the government’s policy options, the report said.
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