Sovereign Wealth Funds: The New Intersection of Money and Politics - Hardcover

Balding, Christopher

Hardcover

ISBN 10: 0199842906 ISBN 13: 9780199842902

Publisher: OUP USA, 2012

Synopsis

Sovereign wealth funds are a growing and dynamic force in international finance. The shifting international economic relations from capital rich states gives them new power in influencing the global agenda. Despite controlling trillions of dollars in the biggest companies in the world, little is known about the opaque funds of oil rich and non-democratic governments. This is the first book to compile a history of sovereign wealth funds recounting the Abu Dhabi Investment Authority's involvement with the scandal-plagued BCCI bank and Chinese arms exports to Iran. By constructing a history within the proper context of oil driven surpluses and large inflationary pressures with no international investment framework, this book explains the development and growth of sovereign wealth funds. The economics of capital surplus countries and investment strategies are examined in order to better understand sovereign wealth fund creation and growth. In a straightforward and accessible style, the author examines the complex and amazing growth of an unknown group of investors controlling trillions of dollars worldwide.

About this title

Review

This well-researched book provides a useful introduction to several key issues associated with sovereign wealth funds plus several of the actual funds. (B.B. Andrew, CHOICE)

About the Author

Christopher Balding is Assistant Professor of International Business at the HSBC Business School of Peking University.

Edition details

• Publisher: OUP USA
• Publication date: 2012
• ISBN 10: 0199842906
• ISBN 13: 9780199842902
• Binding: Hardcover
• Language: English
• Number of pages: 240