How to Spend It: Commodity and Non-Commodity Sovereign Wealth Funds
AbstractSovereign wealth funds have become important players in global financial markets. But their investments have repeatedly raised concerns, such as fear of industrial espionage or geopolitical threats. This paper argues that the principal motivation for setting up SWFs should put such concerns into the appropriate perspective. Development economics can explain both the funding sources and the motives that have led to the recent SWF boom, thus helping to prevent the imposition of investment restrictions in OECD countries.
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Bibliographic InfoPaper provided by OECD Publishing in its series OECD Development Centre Policy Briefs with number 38.
Date of creation: 11 Sep 2008
Date of revision:
Other versions of this item:
- Reisen, Helmut, 2008. "How to spend it: Commodity and non-commodity sovereign wealth funds," Research Notes 28, Deutsche Bank Research.
- NEP-ALL-2009-01-17 (All new papers)
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