Gulf Roundtable: Recentering the Global Economy: Gulf capital and the future of wealth
“U.S. companies have no choice but to depend on sovereign wealth funds for assets,” stated Daniel Gross, Newsweek’s chief economic columnist. A growing supply of dollar-based capital piling up on the balance sheets of foreign governments has intersected with a sudden demand for capital in the United States. These conditions have created opportunities for U.S. businesses, but it has also created concerns about foreign influence in the United States. Gross examined the role of sovereign wealth funds (SWF) and the challenges and opportunities posed by sovereign wealth fund investment in the United States at a CSIS Gulf Roundtable on March 26, 2008.
Daniel Gross is one of the most widely read economics and business writers working today. Since last summer, he has been a senior editor at Newsweek, where he writes the "Contrary Indicator" column. He also writes the “Moneybox” column for Slate, and previously wrote the “Economic View” column for the New York Times. Over the years, he has contributed hundreds of articles to more than 60 publications. He has written four books, most recently Pop! Why Bubbles Are Great for the Economy (HarperCollins, 2007). His 1996 book, Forbes Greatest Business Stories of All Time was a New York Times business best seller and has been translated into nine languages. Mr. Gross holds degrees from Cornell University and Harvard University.
