Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 19 June 2021

Abstract and Keywords

This chapter examines the questions that sovereign wealth funds (SWFs) pose for analysts of foreign policy insofar as their operating preferences could be either geostrategic, and seek to advance the interests of the home state, or economic, and seek to maximize profits. To sort through the related issues, the chapter considers “home” and “host” country issues with respect to the democratic features attached to each. It thus offers insight into the strengths and weaknesses of various foreign policy arguments that have been offered in the existing literature. Next, the chapter offers observations on attempts to coordinate the behavior of SWFs at the international level, chiefly the Santiago Principles. It concludes with the relationship between pooled investment vehicles and state power in foreign affairs.

Keywords: sovereign wealth funds, foreign policy, home country issues, host country issues, pooled investment vehicles, CIC, China Investment Corporation, Norwegian Government Pension Fund, Temasek, Santiago Principles

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.