Abstract
As the world’s largest economy, the USA plays a leading role in the global financial system. As the world’s largest importer of goods and natural resources, Washington has run increasingly large current account deficits since the early 1990s. In contrast, Asian emerging markets and oil-exporting countries have accumulated substantial current account surpluses. A large proportion of these foreign currency accumulations have been allocated to sovereign wealth funds (SWFs). By investing in the US markets, and other foreign markets, these funds generally seek to maximise their profit.
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© 2010 Gawdat Bahgat
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Bahgat, G. (2010). The USA’s Policy on Sovereign Wealth Funds’ Investments. In: Yi-chong, X., Bahgat, G. (eds) The Political Economy of Sovereign Wealth Funds. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230290648_12
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DOI: https://doi.org/10.1057/9780230290648_12
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