Sovereign Wealth Funds: Legitimacy, Governance, and Global Power

(Hardback)

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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--

Reviews

"[T]he book represents a genuinely excellent introduction to SWFs with respect to questions of legitimacy, governance and rationale. It is also extremely clearly organized and written; it is, in fact, a model of clean, precise and unadorned prose. Although the vast bulk of the book has previously been published elsewhere, in very similar form, in the shape of eight journal articles, it pulls together those existing materials in an impressively coherent, persuasive and ultimately very useful way."--Brett Christophers, Journal of Economic Geography "SWFs lie at the intersection of finance, politics, macroeconomics, international relations. They recently grew in size, influence and power. They are destined to continue to raise the attention of an ever growing public of scholars and practitioners for its multidimensional relevance. This book contributes to challenge and satisfy the curiosity of this growing public."--Valeria Miceli, Journal of Economics "[T]his book not only constitutes perhaps the most in-depth and insightful investigation of SWFs to date, but the book makes a contribution to broader debates over globalization and state economic intervention."--Daniel Haberly, Journal of Economic Geography

Author Bio

Gordon L. Clark is professor and executive director of the Smith School of Enterprise and the Environment at the University of Oxford, and the Sir Louis Matheson Distinguished Visiting Professor at Monash University. Adam D. Dixon is lecturer and university research fellow at the University of Bristol and visiting research associate at the University of Oxford. Ashby H. B. Monk is a research director at Stanford University and senior research associate at the University of Oxford.