This paper describes trends in Sovereign Wealth Funds (SWFs) and examines the rationale of establishing such funds. State capitalist development rather than the pursuit of return appears to be the overriding objective of SWFs. These funds reflect the increasing recognition by the state of the power of finance and their chief attraction remains the balancing of globalization and national sovereignty.
Sovereign Wealth Fund, State Capitalism
How to Cite
Sen S., (2010) “Sovereign Wealth Funds”, American Review of Political Economy 8(1). doi: https://doi.org/10.38024/arpe.114