Money in the Service of Diplomacy. Sovereign Wealth Funds as a Foreign Policy Tool Cover Image

Pieniądze w służbie dyplomacji. Państwowe fundusze majątkowe jako narzędzie polityki zagranicznej
Money in the Service of Diplomacy. Sovereign Wealth Funds as a Foreign Policy Tool

Author(s): Tomasz Kamiński
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, International relations/trade, Financial Markets
Published by: Wydawnictwo Uniwersytetu Łódzkiego
Keywords: sovereign wealth funds; state capital; investment funds; controlled capital
Summary/Abstract: Money has always been important in foreign policy, but states have likely never had so much of it in their coffers. The increase in the volume of capital controlled by countries has encouraged them, in more and more cases, to utilize economic tools in order to achieve their international goals. A manifestation of this phenomenon is the rapid development of the so-called sovereign wealth funds, i.e. governmental or government-controlled investment funds.Officially, they are designed to effectively multiply assets accumulated in them, but... that is not the whole story about how they work. Quoting numerous examples, the author of the pMoney in the Service of Diplomacy. Sovereign Wealth Funds as a Foreign Policy Toolresent publication describes the use of sovereign wealth funds as an instrument of foreign policy. Tomasz Kamiński analyzes both the forms of their political application and the conditions that must be fulfilled so that these forms could be implemented. He proves that the threats related to the political use of state capital are very real, which should meet with an adequate response from the international community.

  • E-ISBN-13: 978-83-8088-902-6
  • Print-ISBN-13: 978-83-8088-901-9
  • Page Count: 322
  • Publication Year: 2018
  • Language: Polish