Sovereign wealth funds are neither novel nor constitute any decisive shift towards state control. States and markets are co-constitutive, but states have power precisely because of their ability to define property rights and thus draw the boundary between public and private activity. The way they draw that boundary determines the nature of capitalism in any specific market. ‘Sovereign wealth fu...

Abstract Ten states have created natural-resource-based Sovereign Wealth Funds (SWF) to allow a fraction of the wealth derived from extraction non-renewable resources be available for future use. Minnesota does not SWF, even though companies been mining in state over 100 years. Herein, we present backward and forward-looking scenarios estimate potential magnitude “what-if” extraction-based fund...

Pemerintah Indonesia mendirikan Sovereign Wealth Fund mengikuti jejak negara tetangga seperti Malaysia, Singapura, Timor Leste, dan Vietnam. Tujuan pendirian ini adalah untuk menghimpun dana luar negeri yang selanjutnya dikelola pembangunan Indonesia. Penelitian secara khusus meneliti bagaimana SWF kelak akan memberikan hasil mengingat saat telah banyak mengeluarkan berbagai surat utang, menggu...