Legitimacy, Governance, and Global Power
E-Book, Englisch, 240 Seiten, EPUB
ISBN: 978-1-4008-4651-1
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
The authors suggest that the international legitimacy of sovereign wealth funds is based on the degree to which their design and governance match Western expectations about investment management. Undercutting commonplace assumptions about the emerging world of the twenty-first century, the authors demonstrate that even small countries with large and globally oriented sovereign wealth funds are likely to play a significant role in international relations.
Sovereign Wealth Funds considers how such financial organizations have altered not only the face of finance, but also the international geopolitical landscape.
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
- Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
Weitere Infos & Material
List of Figures and Tables ix
Preface xi
Acknowledgments xix
1Introduction 1
2The Rise of Sovereign Wealth Funds 13
3Rethinking the "Sovereign" in Sovereign Wealth Funds 30
4The Virtues of Long-Term Commitment: Australia's Future Fund 46
5The Ethics of Global Investment: Norway's Government Pension Fund 67
6Insurer of Last Resort: Singapore's Government Investment Corporation 86
7Legitimacy, Trade, and Global Imbalances: The China Investment Corporation 105
8Modernity, Imitation, and Performance: The Gulf States' Funds 121
9Conclusion: Form and Function in the Twenty-First Century 137
Appendix: Scoping Best Practice 155
Notes 163
References 173
Index 195