Thursday, August 28, 2008 - 1:52 PM
The rapid growth of sovereign wealth funds highlights apparent shifts in the global distribution of economic power away from OECD economies and towards the BRICSAM economies and energy exporters. The global policy response to SWFs therefore represents an ideal test case to see how well rising powers can interact with existing power structures. Their appearance and behavior have raised policy concerns about their effect on capital markets and the exercise of undue influence over recipient economies. This paper examines the regulatory and geopolitical concerns associated with sovereign wealth funds. It then examines current efforts to establish a global regulatory framework that will accommodate sovereign wealth funds while still alleviating political concerns about their existence.Go check it out!
Daniel W. Drezner is professor of international politics at the Fletcher School of Law and Diplomacy at Tufts University.
Read More
(2)
HIDE COMMENTS LOGIN OR REGISTER REPORT ABUSE