Capital choices : sectoral politics and the variation of sovereign wealth / Juergen Braunstein.

Format:

Book

Author/Creator:

Braunstein, Juergen, 1983- author.

Language:

English

Subjects (All):

Sovereign wealth funds--Political aspects.

Sovereign wealth funds.

Investment of public funds.

Physical Description:

1 online resource (225 pages)

Edition:

Second edition

Place of Publication:

Ann Arbor, Michigan : University of Michigan Press, 2022.

Summary:

Sovereign wealth funds are state-controlled pools of capital that hold financial and real assets, including shares of state enterprises, and manage them to grow the nation's base of sovereign wealth. The dramatic rise of sovereign wealth funds (SWFs) in both number and size--this group is now larger than the size of global private equity and hedge funds, combined--and the fact that most are located in non-OECD countries, has raised concern about the direction of capitalism. Yet SWFs are not a homogenous group of actors. Why do some countries with large current account surpluses, notably China, create SWFs while others, such as Switzerland and Germany, do not? Why do other countries with no macroeconomic justification, such as Senegal and Turkey, create SWFs.

Notes:

Previous edition: 2019.

Includes bibliographical references (pages) and index.

Description based on information from the publisher.

Other Format:

Print version: Braunstein, Juergen Capital Choices

ISBN:

9780472129966

OCLC:

1293249213