Being Away from a Global Money Center
Posted on 04/23/2013
Sovereign wealth funds are influencing the disaggregation of global money centers. Fifty years ago, Dubai was a small, prosperous city in the Gulf. Fast forward, Dubai has transformed itself into a major financial center, along with Qatar’s Doha. In Sacramento, the capital of the state of California, CalPERS and CalSTRS have somewhat impacted Northern California, […]
