1. Progress on Sovereign Wealth Fund Transparency and Accountability: An Updated SWF Scoreboard
- Author:
- Edwin M. Truman and Allie E. Bagnall
- Publication Date:
- 08-2013
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- The term sovereign wealth fund (SWF) had not been coined a decade ago. By 2007, economists and the financial world were alternatively excited about or alarmed by the growing influence of these institutions, though in fact many of them had been around for decades. Politicians in countries in which the funds invested generally welcomed the additional financial resources from abroad while expressing concern about the motivations of investors and what they feared could be threats to political, economic, and financial security. The general public in the countries in which the funds were based realized at the same time that political leaders were investing large amounts of national wealth at home and abroad with limited disclosure, and they wanted to know more.
- Topic:
- Economics, Globalization, International Trade and Finance, Foreign Direct Investment, and Sovereign Wealth Funds