U.S. no longer economic "top dog"

At a Senate Foreign Relations Committee hearing on sovereign wealth funds, Jagdish Bhagwati, professor of law and economics at Columbia University, says that U.S. dependency on foreign funds controlled by governments causes political anxiety. He says that a reversal of power roles took the U.S. out of its "top dog" position. (0:42)
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Threat of sovereign wealth funds worsened by poor policy

Senator Joe Biden (D-Del.), the Chairman of the Senate Foreign Relations Committee, describes the necessary tasks for developing policy towards sovereign wealth funds. Biden says that the threat of sovereign wealth funds is exacerbated by poor U.S. energy and trade policy. (0:40)


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