Sovereign Wealth Funds (SWFs) are state investment vehicles based on balance of payment surpluses. This book answers such key questions as: What defines a SWF? When and how did SWFs emerge? What investment strategies do SWFs pursue? What are the main financial, economic and political consequences of the operations of SWFs? And more.
Rent, resources, and technologies are crucial to understanding history and economics. Scarcity of resources, its interplay with technology, and the role of rent in explaining economic growth and income distribution are investigated by adopting a multi-sectoral and non-proportional model.
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