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New Roles that Key Developing Countries Will Have in the Provision of Finance for Europe

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  • Alkis Theonas Pitelis

    (University of Sussex)

  • Christos Pitelis

    (Brunel University London and University of Athens)

Abstract

The following paper aims at discussing the first of the three main objectives under the sixth Work Package entitled Finance, Development and Global Governance, which is the changing global financial and monetary system, including the rising influence of major emerging economies, such as those of Brazil Russia, India, and China (BRICs), as well as the role of Sovereign Wealth Funds (SWF) in these countries and the ways in which the aforementioned developments and countries can be leveraged so as to help finance investments in Europe. In this paper we focus on Foreign Direct Investment (FDI), SovereignWealth Funds, Hedge Funds, Private Equity and Venture Capital. Besides noting the possibilities provided through emerging and emergent countries and sources of funds, we also provide proposals as to what can Europe do and how, so that to leverage available sources of funding in a way that fosters sustainable development.

Suggested Citation

  • Alkis Theonas Pitelis & Christos Pitelis, 2016. "New Roles that Key Developing Countries Will Have in the Provision of Finance for Europe," Working papers wpaper138, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    • Handle: RePEc:fes:wpaper:wpaper138
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    References listed on IDEAS

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