Strategic Sovereign Wealth Fund Investment and the New Alliance Capitalism: A Network Mapping Investigation

Haberly, Daniel

doi:10.1068/a43324

Cited by 84 publications

(66 citation statements)

References 38 publications

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“…This is notably the case for contemporary resource-seeking FDI across the African continent. Here FDI leverage is underpinned by sovereign wealth funds (Dixon and Monk, 2012;Haberly, 2011) Thomas, 2000Thomas, , 2011. Here the role of location consultants is simultaneously subject to critique from both the political left and right (Thomas, 2011).…”

mentioning

confidence: 99%

An invitation to the dark side of economic geography

2017

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confidence: 99%

An invitation to the dark side of economic geography

2017

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“…Aksi halde ulusal kalkınma fonları iç ve dış özel kesim yatırımlarını dışlayabilir. Ayrıca ulusal kalkınma fonları teknoloji ve bilgi sağlayan stratejik işbirlikleri ile yabancı firmaları çekmede yardımcı olabilirler (Haberly, 2011(Haberly, : 1838.…”

Section: Ulusal Varlık Fonlarının Ekonomik Rolüunclassified

Sovereign Wealth Funds: Opportunity or Threat?

Yereli¹,

Yaman²

2017

Sosyoekonomi

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Sovereign Wealth Funds, which have become one of the most popular financial instrument of recent years and were accepted as both institutional innovation and financial power in international financial markets, have reached a level that can shape the structure of national economies with total assets of 7.445 trillion dollars. The fact that sovereign wealth funds have reached a considerable volume today makes it possible for both the host country and the home country to influence the economic conditions at the macroeconomic and microeconomic dimension.The fact that sovereign wealth funds, which have a size that can affect national economies, are in the state property, which is the most striking and controversial feature, places such funds in the target of criticism. However, there are also opinions that sovereign wealth funds act only for economic purposes. This study investigates the driving forces behind the development of sovereign wealth funds, which are examined as international institutional investors, as well as the funding sources and the purposes of such funds. In addition, this study discusses whether sovereign wealth funds are a useful tool for economies, and the ideas that are directed at and favored against these funds.

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“…Somewhat ironically, state ownership is one of the most globalization and liberalizationfriendly interventionist instruments, insofar as it neither directly obstructs the operation of market forces, nor is limited by the confines of state territoriality (Haberly 2011). Particularly outstanding, in this respect, are sovereign wealth funds (SWFs), which are typically created to harness foreign exchange and or pension reserve assets for more productive policy objectives (Clark et al 2013).…”

Section: Neoliberalism Globalization and The Resurgence Of State Capmentioning

confidence: 99%

Earth Incorporated: Centralization and Variegation in the Global Company Network

Haberly

Wójcik

2016

Economic Geography

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Abstract:Over the past 20 years, a widening gulf has appeared between the increasingly internationalized financing arrangements of the world's leading corporations, and the persistence of nationally compartmentalized approaches to the study of corporate control. In lieu of direct empirical evidence on corporate control at the global level, the most widespread assumption is that the globalization of ownership has taken the form of an expansion of arms-length, marketbased arrangements traditionally prevailing in the Anglo-American economies. Here, however, we challenge this assumption, both empirically and conceptually. Empirically, we show that three quarters of the world's 205 largest firms by sales are linked to a single global company network of concentrated (5%) ownership ties. This network has a hierarchically centralized organization, with a dominant "global network core" of US fund managers ringed by a more geographically diverse "state capitalist periphery." Conceptually, we argue that the this architecture can be broadly explained through a Polanyian "variegated capitalist" model of contradictory market institutionalization, with the formation of the global company network actually a counterintuitive product of global financial marketization. In order to understand this process of network formation, however, it is necessary to extend Polanyi's model of a double movement mediated through political interventions in the market, to incorporate Veblenian processes of evolutionary institutional change mediated through the market.

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Strategic Sovereign Wealth Fund Investment and the New Alliance Capitalism: A Network Mapping Investigation

Cited by 84 publications

References 38 publications

An invitation to the dark side of economic geography

An invitation to the dark side of economic geography

Sovereign Wealth Funds: Opportunity or Threat?

Earth Incorporated: Centralization and Variegation in the Global Company Network

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