Sovereign Wealth Funds and International Political Economy

  • Xu Yi-chong
Part of the Palgrave Handbooks in IPE book series (PHIPE)


Funds owned by sovereign states for long-term investment existed for over a century before they drew global attention in the early twenty-first century. Sovereign wealth funds (SWFs) face serious challenges in developing resource-based economies. Should governments invest proceeds from natural resources for future use while domestic demands for capital are high? What institutional structures can ensure both public accountability and effective fund management for the long-term benefits of the public? There is no one global institution to regulate what, where, and how SWFs can invest and how they are managed. As long as SWFs are sovereign, it is difficult for the international community to develop rules to regulate their investment objectives, tax morality, and reporting practices, all of which are increasingly important as SWFs expand.


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Xu Yi-chong
    • 1
  1. 1.School of Government and International RelationsGriffith UniversityNathanAustralia

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