Environment & Climate Change

The small open economies of the Gulf and Southeast Asia are pioneers in the establishment of

Sovereign Wealth Funds (SWFs). The SWFs of countries like Qatar and Singapore are among the

world’s largest in terms of total asset size relative to Gross Domestic Product. This article looks

at the different compulsions behind the setting up of SWFs by small open economies.

"On January 20, you will inherit a legacy of trouble: Iraq, Iran, Pakistan, Palestine, North Korea for starters. Failure to manage any one of them could mire your presidency and sap your political support—and threaten the country’s future. At the same time, you must not let these inherited problems define your foreign policy. You need to put them in a larger context and create your own vision of how Americans should deal with the world."

"The terrorist attacks that destroyed the World Trade Center and damaged the Pentagon triggered the most rapid and dramatic change in the history of U.S. foreign policy."