Sovereign Wealth Funds Unveiled

This chapter explores the concept of sovereign wealth funds, tracing their historical origins and examining various global examples, particularly those of Kuwait, Abu Dhabi, Norway, and China. It highlights the unique characteristics of these funds, focusing on the motivations behind their establishment, especially in light of financial crises and resource management. The discussion provides insights into China's approach to sovereign funds, emphasizing its reliance on financial repression and the blending of political and economic strategies to navigate international markets.