In 2007, a small piece of research by Steven Jen generated ripples about the role and significance of Sovereign Wealth Fund (SWF) in the world of finance. The term SWF was coined by Andrev Razanor in 2005, and IMF defined it as “assets held by governments in other country’s currency”. Although, SWF has a history of more than half a century, it gained currency only since 2000. SWFs have been created by the governments for different motives.
Is Australia a Racist Country?
Australia is not a racist country. The state has some of the toughest laws against racial discrimination. Though there is a history of discrimination against its aboriginal population today the country is sensitive to matters concerning race and ethnicity.