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The Political Economy of Sovereign Wealth FundsAboriginal Investment Funds in Australia

The Political Economy of Sovereign Wealth Funds: Aboriginal Investment Funds in Australia [The sovereign funds discussed elsewhere in this volume are operated by governments on behalf of ‘peoples’, defined as populations contingent with the states concerned. This chapter discusses a somewhat different situation, in which long-term investment funds are operated directly by distinct ‘peoples’ within a nation-state, in this case Aboriginal peoples in Australia. The rights of indigenous peoples within states have won increasing recognition in domestic law and in international forums, an important recent example of the latter being the United Nations Declaration on the Rights of Indigenous Peoples, adopted by the United Nations General Assembly in September 2007. Growing recognition of the rights of indigenous peoples is reflected in turn in their increased capacity, after centuries of economic marginalisation, to win a share of the wealth extracted from their ancestral lands. The investment funds discussed here are a product of this development.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Political Economy of Sovereign Wealth FundsAboriginal Investment Funds in Australia

Part of the International Political Economy Series Book Series
Editors: Yi-chong, Xu; Bahgat, Gawdat
O’Faircheallaigh, Ciaran
The Political Economy of Sovereign Wealth Funds — Aug 7, 2010
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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2010
ISBN
978-1-349-31681-6
Pages
157 –176
DOI
10.1057/9780230290648_9
Publisher site
See Chapter on Publisher Site

Abstract

[The sovereign funds discussed elsewhere in this volume are operated by governments on behalf of ‘peoples’, defined as populations contingent with the states concerned. This chapter discusses a somewhat different situation, in which long-term investment funds are operated directly by distinct ‘peoples’ within a nation-state, in this case Aboriginal peoples in Australia. The rights of indigenous peoples within states have won increasing recognition in domestic law and in international forums, an important recent example of the latter being the United Nations Declaration on the Rights of Indigenous Peoples, adopted by the United Nations General Assembly in September 2007. Growing recognition of the rights of indigenous peoples is reflected in turn in their increased capacity, after centuries of economic marginalisation, to win a share of the wealth extracted from their ancestral lands. The investment funds discussed here are a product of this development.]

Published: Aug 7, 2010

Keywords: Indigenous People; Aboriginal People; Investment Fund; Mining Project; Traditional Land

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