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The Political Economy of Sovereign Wealth FundsRussia’s SWFs: Controlled by a Domestic Agenda

The Political Economy of Sovereign Wealth Funds: Russia’s SWFs: Controlled by a Domestic Agenda [Benjamin Cohen, in writing about sovereign wealth funds (SWFs), states that ‘a turning point was reached … when China and Russia two countries with unmistakable geopolitical ambitions — joined the game. … Here suddenly were two major powers with pockets deep enough to make a real impact.’ As quoted by Cohen, John McConnell, then director of US national intelligence, believed that ‘concerns about the financial capabilities of Russia, China, and OPEC countries and the potential use of their market access to exert financial leverage to achieve political ends represents a major national security issue’ (Cohen 2009, pp. 719–20).] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Political Economy of Sovereign Wealth FundsRussia’s SWFs: Controlled by a Domestic Agenda

Part of the International Political Economy Series Book Series
Editors: Yi-chong, Xu; Bahgat, Gawdat
Fortescue, Stephen
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
113 –131
DOI
10.1057/9780230290648_6
Publisher site
See Chapter on Publisher Site

Abstract

[Benjamin Cohen, in writing about sovereign wealth funds (SWFs), states that ‘a turning point was reached … when China and Russia two countries with unmistakable geopolitical ambitions — joined the game. … Here suddenly were two major powers with pockets deep enough to make a real impact.’ As quoted by Cohen, John McConnell, then director of US national intelligence, believed that ‘concerns about the financial capabilities of Russia, China, and OPEC countries and the potential use of their market access to exert financial leverage to achieve political ends represents a major national security issue’ (Cohen 2009, pp. 719–20).]

Published: Aug 7, 2010

Keywords: Pension Fund; Resource Rent; Sovereign Wealth Fund; Stabilisation Fund; Reserve Fund

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