This is the eBook version of the printed book.
This Element is an excerpt from The Rise of the State: Profitable Investing and Geopolitics in the 21st Century (9780137153879) by Yiannis G. Mostrous, Elliott H. Gue, and David F. Dittman. Available in print and digital formats.
Understand the hidden impact of sovereign wealth funds, so you can ride the waves they’re creating.
During the last decade SWFs (Sovereign Wealth Funds) evolved into critical strategic tools in the Middle East and East Asia. The rising price of crude and insatiable Western demand for cheap imports lifted what had been low-key but significant global financial players into topics for front-page stories. Their rapid proliferation and potential for long-term growth suggest that SWFs are here to stay.