Sovereign Wealth Funds in Resource Economies

Institutional and Fiscal Foundations

Business & Finance, Business Reference, Government & Business, Economics, Macroeconomics, Industries & Professions, Industries
Cover of the book Sovereign Wealth Funds in Resource Economies by Khalid Alsweilem, Malan Rietveld, Columbia University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Khalid Alsweilem, Malan Rietveld ISBN: 9780231544993
Publisher: Columbia University Press Publication: October 17, 2017
Imprint: Columbia University Press Language: English
Author: Khalid Alsweilem, Malan Rietveld
ISBN: 9780231544993
Publisher: Columbia University Press
Publication: October 17, 2017
Imprint: Columbia University Press
Language: English

Sovereign wealth funds (SWFs) have reached a transitional moment. Created as a way to direct excess wealth toward economic development and long-term financial returns, some countries are now seeing a decline in revenue from sources such as oil. Many SWFs are now facing a new challenge—how to spend sustainably without depleting the funds. Sovereign Wealth Funds in Resource Economies explains the fiscal rules and institutional structures that can make SWFs thrive, providing a practical and theoretical guide to their optimal use in resource-revenue management.

Khalid Alsweilem and Malan Rietveld put forward an institutional perspective of SWFs as quasi-independent political and economic entities charged with managing national resource wealth, examining both investment and disbursement strategies. They advance a systematic, rule-based approach, suggesting when to accumulate and when to begin countercyclical spending based on concrete case studies. More than a mere financial portfolio, SWFs must be embedded in a credible fiscal and institutional framework if they are to contribute to improved economic performance. Alsweilem and Rietveld consider the variety of relationships that exist between SWFs and their governments, exploring the legal and policy side of the institutional approach. Their rule-based description of SWFs, since it allows tailoring and adjustment and invokes rules of thumb and best practices, is intended to be widely applicable across the diverse spectrum of global SWFs. Bringing together the practitioner perspective and scholarly expertise, this book will be invaluable for global policy makers and scholars working with sovereign wealth funds.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Sovereign wealth funds (SWFs) have reached a transitional moment. Created as a way to direct excess wealth toward economic development and long-term financial returns, some countries are now seeing a decline in revenue from sources such as oil. Many SWFs are now facing a new challenge—how to spend sustainably without depleting the funds. Sovereign Wealth Funds in Resource Economies explains the fiscal rules and institutional structures that can make SWFs thrive, providing a practical and theoretical guide to their optimal use in resource-revenue management.

Khalid Alsweilem and Malan Rietveld put forward an institutional perspective of SWFs as quasi-independent political and economic entities charged with managing national resource wealth, examining both investment and disbursement strategies. They advance a systematic, rule-based approach, suggesting when to accumulate and when to begin countercyclical spending based on concrete case studies. More than a mere financial portfolio, SWFs must be embedded in a credible fiscal and institutional framework if they are to contribute to improved economic performance. Alsweilem and Rietveld consider the variety of relationships that exist between SWFs and their governments, exploring the legal and policy side of the institutional approach. Their rule-based description of SWFs, since it allows tailoring and adjustment and invokes rules of thumb and best practices, is intended to be widely applicable across the diverse spectrum of global SWFs. Bringing together the practitioner perspective and scholarly expertise, this book will be invaluable for global policy makers and scholars working with sovereign wealth funds.

More books from Columbia University Press

Cover of the book Serious Play by Khalid Alsweilem, Malan Rietveld
Cover of the book Social Work Values and Ethics by Khalid Alsweilem, Malan Rietveld
Cover of the book Rewiring the Real by Khalid Alsweilem, Malan Rietveld
Cover of the book Troubled Apologies Among Japan, Korea, and the United States by Khalid Alsweilem, Malan Rietveld
Cover of the book What Does Europe Want? by Khalid Alsweilem, Malan Rietveld
Cover of the book The Science of the Oven by Khalid Alsweilem, Malan Rietveld
Cover of the book The Nature of Value by Khalid Alsweilem, Malan Rietveld
Cover of the book Error and the Academic Self by Khalid Alsweilem, Malan Rietveld
Cover of the book Narrating Social Work Through Autoethnography by Khalid Alsweilem, Malan Rietveld
Cover of the book Neuroscience and Philosophy by Khalid Alsweilem, Malan Rietveld
Cover of the book Understanding Environmental Policy by Khalid Alsweilem, Malan Rietveld
Cover of the book The Present as History by Khalid Alsweilem, Malan Rietveld
Cover of the book Cubeo Hehénewa Religious Thought by Khalid Alsweilem, Malan Rietveld
Cover of the book The Islamic Context of The Thousand and One Nights by Khalid Alsweilem, Malan Rietveld
Cover of the book Dinosaurs by Khalid Alsweilem, Malan Rietveld
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy