TY - BOOK ID - 117252594 TI - Sovereign Wealth Funds : Legitimacy, Governance, and Global Power AU - Clark, Gordon L. AU - Dixon, Adam D. AU - Monk, Ashby H.B. PY - 2013 SN - 140084651X 9781400846511 PB - Princeton, NJ : Princeton University Press, DB - UniCat KW - Investments, Foreign KW - Sovereign wealth funds KW - Sovereign wealth funds. KW - Capital exports KW - Capital imports KW - FDI (Foreign direct investment) KW - Foreign direct investment KW - Foreign investment KW - Foreign investments KW - International investment KW - Offshore investments KW - Outward investments KW - Capital movements KW - Investments KW - Funds, Sovereign wealth KW - SWFs (Sovereign wealth funds) KW - Investment of public funds KW - Law and legislation. KW - Law and legislation KW - Asian financial crisis. KW - Australia. KW - China Investment Corporation. KW - Dutch disease. KW - East Asia. KW - Future Fund. KW - Generally Accepted Principles and Practices. KW - Government Pension Fund-Global. KW - Government of Singapore Investment Corporation. KW - Gulf states. KW - Middle East. KW - Norway. KW - Santiago Principles. KW - Western interests. KW - capitalism. KW - capitalist development. KW - domestic politics. KW - economic geography. KW - ethical policy. KW - finance. KW - financial crisis. KW - financial institutions. KW - financial markets. KW - financialization. KW - geopolitics. KW - global finance. KW - global financial system. KW - governance. KW - international political economy. KW - international relations. KW - investment decision making. KW - investment ethics. KW - investment management. KW - investment practice. KW - investment. KW - long-term investment. KW - nation-states. KW - political economy. KW - political temptation. KW - resource revenue management. KW - sovereign wealth funds. KW - sovereignty. KW - state-owned enterprises. KW - state. KW - trust. KW - typology. UR - https://www.unicat.be/uniCat?func=search&query=sysid:117252594 AB - The worldwide rise of sovereign wealth funds is emblematic of the ongoing transformation of nation-state economic prospects. Sovereign Wealth Funds maps the global footprints of these financial institutions, examining their governance and investment management, and issues of domestic and international legitimacy. Through a variety of case studies--from the China Investment Corporation to the funds of several Gulf states--the authors show that the forces propelling the adoption and development of sovereign wealth funds vary by country. The authors also show that many of these investment institutions have identifiable commonalities of form and function that match the core institutions of Western financial markets. 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. ER -