Unlocking Public Wealth with Dag Detter

Dag Detter's work has shown that public wealth can be a powerful tool for economic development. He argues that public wealth is not just a collection of assets but a means to achieve social and economic goals.

In Sweden, Detter helped establish a sovereign wealth fund that now manages 20% of the country's GDP. This fund has generated significant returns, making it a model for other countries to follow.

Detter's approach emphasizes the importance of transparency and accountability in managing public wealth. He believes that citizens should have a say in how their wealth is used, and that public wealth should be managed in a way that benefits the broader population.

Detter's work has been recognized globally, with his ideas influencing policymakers in countries such as Chile and Mongolia.

Dag Detter is an investment adviser and former president of Stattum, the Swedish government holding company.

Dag Detter is a strong advocate for governments to use existing assets, such as real estate, to generate capital for investment.

You might enjoy: DAG Ventures

He suggests that governments could unlock valuable new investments by tapping into public assets, as shown in his work on Urban Wealth Funds.

Dag Detter's ideas have been featured in articles such as "The Hidden Wealth of Cities", where he shows how even the most cash-strapped cities could do much more with the assets they already own.

In "An Infrastructure Plan That Would Actually Work", Detter and Willem H. Buiter demonstrate how independently run Urban Wealth Funds could tap public assets for valuable new investments.

Dag Detter's work has been recognized as a key to a stronger recovery through better accounting, as urged by Willem H. Buiter and others in "A Stronger Recovery Through Better Accounting".

Here are some key areas where Dag Detter's ideas can be applied:

Every city, country, and government is sitting on a goldmine of hidden public assets. These assets could help pay for our economic challenges from climate, demography, and geopolitics.

Professionally managed, these public assets could significantly increase government revenues – by several per cent of GDP annually.

Most countries' public wealth is larger than their public debt, yet it remains opaque and largely ignored.

According to our calculations, an achievable improvement in public wealth management would yield returns greater than the world's combined investment in infrastructure such as transport, power, water, and communications.

The polarized debate between privatizers and nationalizers has missed the most important point – the quality of asset management.

Readers also liked: Soros Fund Management