Sovereign Investment: Concerns and Policy Reactions

Hardcover | December 5, 2012

byKarl P. Sauvant, Lisa E. Sachs, Wouter P.F. Schmit Jongbloed

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Sovereign Investment: Concerns and Policy Reactions provides the first major holistic examination and interdisciplinary analysis of sovereign wealth funds. Sovereign wealth funds currently hold three trillion dollars' worth of investments, almost twice the amount in all the hedge fundsworldwide, and are predicted to hold nine trillion more by 2015. This relatively new and rapidly expanding phenomenon remains relatively unregulated, but the International Monetary Fund and the G7 aim to establish temporary and voluntary rules to introduce transparency and uniformity until more permanent regulatory structures are instituted. What permanent rulesand procedures should govern sovereign wealth funds? What bodies should enforce them? Do the current provisional rules answer the national security concerns of host countries? Editors Karl P. Sauvant, Lisa Sachs, and Wouter P.F. Schmit Jongbloed address these questions in a collection of essays by leading authorities from the IMF, academic institutions, law firms, multi-national corporations, and think tanks. Together, these authors analyze how sovereign wealth funds havehelped to limit the effects of the current global economic crisis, and what rules can govern their operation in the future.

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Sovereign Investment: Concerns and Policy Reactions provides the first major holistic examination and interdisciplinary analysis of sovereign wealth funds. Sovereign wealth funds currently hold three trillion dollars' worth of investments, almost twice the amount in all the hedge fundsworldwide, and are predicted to hold nine trillion ...

Karl P. Sauvant is the Founding Executive Director of the Vale Columbia Center on Sustainable International Investment, Senior Research Scholar and Lecturer in Law at Columbia Law School, Co-Director of the Millennium Cities Initiative, and Guest Professor at Nankai University, China. Before that, he was Director of UNCTAD's Investmen...
Format:HardcoverDimensions:424 pages, 9.25 × 6.12 × 0.98 inPublished:December 5, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199937923

ISBN - 13:9780199937929

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Table of Contents

List of ContributorsJeffrey D. Sachs: ForewordAcknowledgementsPart One: The rise of sovereign wealth funds and state-owned enterprises1. Wouter P.F. Schmit Jongbloed, Lisa E. Sachs and Karl P. Sauvant: Sovereign investment: An introduction2. Mark Gordon and Sabastian V. Niles: Sovereign wealth funds: An overview3. Stephany Griffith-Jones and Jos. Antonio Ocampo: Sovereign wealth funds: A developing country perspective4. Paola Subacchi: Sovereign wealth funds and the crisis: Investment managers or providers of liquidity?5. Daniel M. Shapiro and Steven Globerman: The international activities and effects of state-owned enterprisesPart Two: Regulatory concerns6. Katharina Pistor: Sovereign wealth funds and global finance7. Mark A. Clodfelter and Francesca M. Soria Guerrero: National security and foreign government ownership restrictions on foreign investment: Predictability for investors at the national level8. Rolando AvendaOo and Javier Santiso: Are sovereign wealth fund investments politically biased? A comparison with mutual funds9. Jos E. alvarez: Sovereign concerns10. W. Michael Reisman and Patrick DeSouza: Sovereign wealth funds and national securityPart Three: Changing rules for state-controlled entities?11. Alan M. Rugman: Sovereign wealth funds and regulation: Some conceptual issues12. James Mendenhall: The evolution of the essential security exception in U.S. trade and investment agreements13. Edwin M. Truman: Do the rules need to be changed for state-controlled entities? The case of sovereign wealth funds14. Clay Lowery: The U.S. approach to sovereign wealth funds and the role of CFIUS15. Alan P. Larson, Alexander A. Berengaut, Mark Plotkin, and David N. Fagan: Lessons from CFIUS for national security reviews of foreign investment16. A. Edward Safarian: The Canadian policy response to sovereign direct investment17. Thomas Jost: Sovereign wealth funds and the German policy reaction18. Philippe Gugler and Julien Chaisse: The regulation of sovereign wealth funds in the European Union: Can the supranational level limit the rise of national protectionism?19. Kathryn Gordon and David Gaukrodger: Foreign government-controlled investors and recipient country investment policies: Overview of the work of the OECD20. Udaibir S. Das, Adnan Mazarei, and Alison Stuart: Sovereign wealth funds and the IMFConclusions21. Maya Steinitz: Udaibir S. Das, Adnan Mazarei, and Alison Stuart