Asia & the Pacific

132 Items

Capital Choices: Sectoral Politics and the Variation of Sovereign Wealth

University of Michigan Press

Book - University of Michigan Press

Capital Choices: Sectoral Politics and the Variation of Sovereign Wealth

| July 2019

Capital Choices analyzes the creation of different SWFs from a comparative political economy perspective, arguing that different state-society structures at the sectoral level are the drivers for SWF variation. Juergen Braunstein focuses on the early formation period of SWFs, a critical but little understood area given the high levels of political sensitivity and lack of transparency that surround SWF creation. Braunstein’s novel analytical framework provides practical lessons for the business and finance organizations and policymakers of countries that have created, or are planning to create, SWFs.

Jeff Schwager, president of Sartori Cheese poses for in front of their plant

AP/Morry Gash

Analysis & Opinions - Project Syndicate

Power and Interdependence in the Trump Era

| July 03, 2019

President Donald Trump's manipulation of America's privileged international system will strengthen other countries' incentives to extricate themselves from US networks of interdependence in the long run. In the meantime, there will be costly damage to the international institutions that limit conflict and create global public goods.

Donald Trump

AP/Evan Vucci

Analysis & Opinions - Institut Montaigne

The Fall of American Primacy? Interview with Stephen Walt

    Author:
  • Soli Özel
| June 12, 2019

To discuss the future of the world order, America's relations with Europe, the status of Russia, and a Realist's assessment of the China challenge, Soli Özel, Institut Montaigne's Visiting Fellow in international relations, met Professor Stephen Walt in March in his office at the Harvard Kennedy School. 

Soldiers marching with national flags in parade

AP Photo/Ron Edmonds

Journal Article - Quarterly Journal: International Security

Buying Allies: Payment Practices in Multilateral Military Coalition-Building

    Author:
  • Marina E. Henke
| Spring 2019

Many states have been paid to join multilateral military coalitions. These payments are largely covered by “pivotal states”—those that care the most about an operation’s success—and take the form of deployment subsidies and political side deals to attract critical contributors to the mission.

Sovereign Venture Capitalism: At a Crossroad

StockSnap/Pixabay

Analysis & Opinions - The Economist

Sovereign Venture Capitalism: At a Crossroad

| Oct. 03, 2018

What the Iron Man-like character is claiming for his futuristic automotive company is not unheard of. On a systemic basis, mammoth institutional investment—especially from sovereign wealth funds (SWFs)—is flowing into start-ups and technology-oriented publicly traded companies. In this case, Saudi billions would help Mr Musk escape the pressures of being publicly listed. SWFs have invested large sums into high-growth start-ups promising innovation and financial returns. In fact, just this month, Saudi’s Public Investment Fund (PIF) announced a US$1bn investment in Tesla’s rival, Lucid, and a US$2bn stake in Tesla. The rise in SWF balance sheets and activity is having ramifications on global efforts to be more Silicon Valley-like, and on Silicon Valley itself.