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

journal contribution
posted on 2023-06-08, 15:06 authored by Daniel HaberlyDaniel Haberly
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.

History

Publication status

  • Published

Journal

Environment and Planning A

ISSN

0308-518X

Publisher

Pion

Issue

8

Volume

43

Page range

1833-1852

Department affiliated with

  • Geography Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2013-05-31

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