Sovereign Investment : Concerns and Policy Reactions

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 funds worldwide, 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 rules and 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 have helped to limit the effects of the current global economic crisis, and what rules can govern their operation in the future. xxxvi, 570 p. : 25 cm Includes bibliographical references and index Sovereign investment : an introduction / Wouter P.F. Schmit Jongbloed, Lisa E. Sachs and Karl P. Sauvant -- Sovereign wealth funds : an overview / Mark Gordon and Sabastian V. Niles -- Sovereign wealth funds : a developing country perspective / Stephany Griffith-Jones and José Antonio Ocampo -- Sovereign wealth funds and the crisis : investment managers or providers of liquidity? / Paola Subacchi -- The international activities and effects of state-owned enterprises / Daniel M. Shapiro and Steven Globerman -- Sovereign wealth funds and global finance / Katharina Pistor -- National security and foreign government ownership restrictions on foreign investment : predictability for investors at the national level / Mark A. Clodfelter and Francesca M. Soria Guerrero -- Are sovereign wealth fund investments politically biased? a comparison with mutual funds / Rolando Avendaño and Javier Santiso -- Sovereign concerns and the investment regime / José E. Alvarez -- Sovereign wealth funds and national security / Patrick DeSouza and W. Michael Reisman -- Sovereign wealth funds and regulation : some conceptual issues / Alan M. Rugman -- The evolution of the essential security exception in U.S. trade and investment agreements / James Mendenhall -- Do the rules need to be changed for state-controlled entities? the case of sovereign wealth funds / Edwin M. Truman -- The U.S. approach to sovereign wealth funds and the role of CFIUS / Clay Lowery -- Lessons from CFIUS for national security reviews of foreign investment / Alan P. Larson, David N. Fagan, Alexander A. Berengaut, and mark E. Plotkin -- The Canadian policy response to sovereign direct investment / A. Edward Safarian -- Sovereign wealth funds and the German policy reaction / Thomas Jost -- The regulation of sovereign wealth funds in the European Union : can the supranational level limit the rise of national protectionism? / Julien Chaisse -- Foreign government-controlled investors and host country investment policies : OECD perspectives / Kathryn Gordon and David Gaukrodger -- Sovereign wealth funds and the IMF / Udaibir S. Das, Adnan Mazarei, and Alison Stuart -- Foreign direct investment by state-controlled entities at a crossroad of economic history : conference report of the rapporteur / Maya Steinitz Sovereign investment : an introduction / Wouter P.F. Schmit Jongbloed, Lisa E. Sachs and Karl P. Sauvant Sovereign wealth funds : an overview / Mark Gordon and Sabastian V. Niles Sovereign wealth funds : a developing country perspective / Stephany Griffith-Jones and José Antonio Ocampo Sovereign wealth funds and the crisis : investment managers or providers of liquidity? / Paola Subacchi The international activities and effects of state-owned enterprises / Daniel M. Shapiro and Steven Globerman Sovereign wealth funds and global finance / Katharina Pistor National security and foreign government ownership restrictions on foreign investment : predictability for investors at the national level / Mark A. Clodfelter and Francesca M. Soria Guerrero Are sovereign wealth fund investments politically biased? a comparison with mutual funds / Rolando Avendaño and Javier Santiso Sovereign concerns / José E. Alvarez Sovereign wealth funds and national security / W. Michael Reisman and Patrick DeSouza Sovereign wealth funds and regulation : some conceptual issues / Alan M. Rugman The evolution of the essential security exception in U.S. trade and investment agreements / James Mendenhall Do the rules need to be changed for state-controlled entities? the case of sovereign wealth funds / Edwin M. Truman The U.S. approach to sovereign wealth funds and the role of CFIUS / Clay Lowery Lessons from CFIUS for national security reviews of foreign investment / Alan P. Larson ... [et al.] The Canadian policy response to sovereign direct investment / A. Edward Safarian Sovereign wealth funds and the German policy reaction / Thomas Jost The regulation of sovereign wealth funds in the European Union : can the supranational level limit the rise of national protectionism? / Philippe Gugler and Julien Chaisse Foreign government-controlled investors and recipient country investment policies : overview of the work of the OECD / Kathryn Gordon and David Gaukrodger Sovereign wealth funds and the IMF / Udaibir S. Das, Adnan Mazarei, and Alison Stuart Foreign direct investment by state-controlled entities at a crossroad of economic history : conference report of the rapporteur / Maya Steinitz. "Sovereign Investment : Concerns and Policy Reactions provides the first major holistic examination and interdisciplinary analysis of sovereign wealth funds. The funds currently hold five trillion dollars' worth of investments, almost twice the amount in all the hedge funds worldwide, and could hold much more by 2015. In addition, state-owned enterprises - another form of sovereign investment - play an important role in the flows and stocks of foreign direct investment." -- Jacket back cover