Strategic sovereign wealth fund investment and the new alliance capitalism: a network mapping investigation

Haberly, Daniel (2011) Strategic sovereign wealth fund investment and the new alliance capitalism: a network mapping investigation. Environment and Planning A, 43 (8). pp. 1833-1852. ISSN 0308-518X

Full text not available from this repository.

Abstract

Sovereign wealth funds (SWFs) have grown rapidly in recent years both in value and in number. Despite a great deal of popular debate, very little scholarly attention has centered on the `strategic use' of SWFs by states, that is, as tools to promote national development. Using a `network mapping' approach, I investigate two case studies involving extensive strategic SWF investment: Qatar, Abu Dhabi, and Dubai's use of SWFs to promote the development of their aerospace sectors; and the deployment of the China Investment Corporation as an instrument of Chinese raw materials and energy policy. Strategically oriented SWF investment can be seen as a state-adaptive strategy under contemporary conditions of globalization and financialization. The viability of such a strategy, however, hinges on the manner in which it feeds into the strategies of firms and states at the receiving end of investment.

Item Type: Article
Schools and Departments: School of Global Studies > Geography
Subjects: G Geography. Anthropology. Recreation > G Geography (General)
Depositing User: Jayne Paulin
Date Deposited: 31 May 2013 10:11
Last Modified: 31 May 2013 10:11
URI: http://sro.sussex.ac.uk/id/eprint/45206
📧 Request an update