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Norways Sovereign Wealth Fund
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Book Synopsis Norway’s Sovereign Wealth Fund by : Ole Bjørn Røste
Download or read book Norway’s Sovereign Wealth Fund written by Ole Bjørn Røste and published by Springer Nature. This book was released on 2021-07-19 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book elaborates on how Norway has managed to convert a large fraction of its endowment of hydrocarbons below the seabed of Norwegian waters into financial wealth, invested in the world’s capital markets. Further, it explains how this wealth is managed. Under the current guidelines, only the assessed return on investment may be allotted to public budgets. This ensures that the wealth will benefit both current and future generations. The capital is gathered in the Sovereign Wealth Fund – or State Pension Fund Global (SPF-G) –, which is intended to maximize capital value without exceeding acceptable risks. The book offers new insights into the history and management of the fund, examines its successes,and discusses future challenges. Given its scope, it appeals to scholars of economics, finance and political science, and to anyone interested in the sustainable investment of natural resource-based revenues.
Book Synopsis Sovereign Wealth Funds, Local Content Policies and CSR by : Eduardo G. Pereira
Download or read book Sovereign Wealth Funds, Local Content Policies and CSR written by Eduardo G. Pereira and published by Springer Nature. This book was released on 2021-01-25 with total page 653 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores three particular strategies in the extractives sector for creating shared wealth, increased labour opportunities and positive social, environmental and economic outcomes from corporate projects, namely: state wealth funds (SWF), local content policies (LCP) and corporate social responsibility (CSR) practices. Collectively, the chapters explore the associated experiences and challenges in different parts of the world with the view to inform equitable and sustainable development for the communities living adjacent to extractives sites and the wider society and environment. Examples of LCPs, SWFs and CSR practices from 12 jurisdictions with diverse experiences offer usefull insights. The book illuminates challenges and opportunities for sustainable development outcomes of the extractives sector. It reflects the need to take on board the lessons of these global experiences in order to improve outcomes for poverty reduction, inequality reduction and sustainable development.
Book Synopsis Norway's Sovereign Wealth Fund by : Ole Bjørn Røste
Download or read book Norway's Sovereign Wealth Fund written by Ole Bjørn Røste and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book elaborates on how Norway has managed to convert a large fraction of its endowment of hydrocarbons below the seabed of Norwegian waters into financial wealth, invested in the world's capital markets. Further, it explains how this wealth is managed. Under the current guidelines, only the assessed return on investment may be allotted to public budgets. This ensures that the wealth will benefit both current and future generations. The capital is gathered in the Sovereign Wealth Fund - or State Pension Fund Global (SPF-G) -, which is intended to maximize capital value without exceeding acceptable risks. The book offers new insights into the history and management of the fund, examines its successes, and discusses future challenges. Given its scope, it appeals to scholars of economics, finance and political science, and to anyone interested in the sustainable investment of natural resource-based revenues.
Book Synopsis Trillion Dollar Baby by : Paul Cleary
Download or read book Trillion Dollar Baby written by Paul Cleary and published by Biteback Publishing. This book was released on 2016-09-02 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most of its history, the remote and near-Arctic nation of Norway has eked out a marginal existence from fishing, forestry and shipping. That is, until Christmas Eve 1969, when oil was discovered off its southern coast. Rather than squandering the profits (as the UK did with its North Sea oil), when the revenue began flowing, Norway put in place the most robust and visionary framework for extracting maximum benefit from non-renewable resources found anywhere in the world. Less than twenty years after the country began investing in what is now called the Government Pension Fund, Norway has the largest sovereign wealth fund in the world, with assets of US$870 billion. What's more, the fund is on track to hit the US$1 trillion mark by 2020. Not only is every Norwegian now a (krone) millionaire and enjoying the highest standard of living in the world, they will be able to hand down this endowment to their children and grandchildren. Norway's savings strategy means that it has taken a non-renewable resource and turned it into a financial asset that can last long after the oil wealth has been completely exhausted. This is the story of how they did it.
Book Synopsis Norway Oil Fund. How Norway's Oil Fund Investment Policy Can Be Ethical by : Tomiwa Ogunrinde
Download or read book Norway Oil Fund. How Norway's Oil Fund Investment Policy Can Be Ethical written by Tomiwa Ogunrinde and published by GRIN Verlag. This book was released on 2021-07-27 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2020 in the subject Business economics - Business Ethics, Corporate Ethics, grade: A, University of Ibadan, language: English, abstract: Norway experienced an economic surpluses following improvement of its hydrocarbon resources during the 70s. This reality changed the fate of the country and they made plan for the future towards economic sustainability. This was the birth of the Norway Oil Fund also known as Government Pension Fund-Global (GPF-G). The Sovereign Wealth Fund exists as a drawn out monetary saving guaranteeing that Norway not simply the current age profit and appreciate from the nation oil riches. The Fund is $1tn and owns an average of 1.4 per cent of every listed company worldwide. The GPF-G was charged with making investment in areas that promote corporate governance, sustainable development in economic, social, and environmental terms. However, the GPF-G has come under domestic and international pressure over ethical violations in the manner in which the fund are said to have been invested in companies that promotes gambling, alcohol, forced labour, cluster bombs and nuclear weapons
Book Synopsis Economics of Sovereign Wealth Funds by : Mr.Udaibir S. Das
Download or read book Economics of Sovereign Wealth Funds written by Mr.Udaibir S. Das and published by International Monetary Fund. This book was released on 2010-12-09 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments. Renowned experts in the field have contributed chapters. The book is organized around four themes: (1) the role and macrofinancial linkages of SWFs, (2) institutional factors, (3) investment approaches and financial markets, and (4) the postcrisis outlook. The book also discusses the challenges facing sovereign wealth funds in the coming years, from an inside perspective on countries, including Canada, Chile, China, Norway, Russia, and New Zealand. Economics of Sovereign Wealth Funds will contribute to a further understanding of the nature, strategies and behavior of SWFs and the environment in which they operate, as their importance is likely to grow in the coming years.
Book Synopsis Sovereign Wealth Funds by : Gordon L. Clark
Download or read book Sovereign Wealth Funds written by Gordon L. Clark and published by Princeton University Press. This book was released on 2013-07-21 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The worldwide rise of sovereign wealth funds is emblematic of the ongoing transformation of nation-state economic prospects. Sovereign Wealth Funds maps the global footprints of these financial institutions, examining their governance and investment management, and issues of domestic and international legitimacy. Through a variety of case studies--from the China Investment Corporation to the funds of several Gulf states--the authors show that the forces propelling the adoption and development of sovereign wealth funds vary by country. The authors also show that many of these investment institutions have identifiable commonalities of form and function that match the core institutions of Western financial markets. The authors suggest that the international legitimacy of sovereign wealth funds is based on the degree to which their design and governance match Western expectations about investment management. Undercutting commonplace assumptions about the emerging world of the twenty-first century, the authors demonstrate that even small countries with large and globally oriented sovereign wealth funds are likely to play a significant role in international relations. Sovereign Wealth Funds considers how such financial organizations have altered not only the face of finance, but also the international geopolitical landscape.
Book Synopsis Sovereign Wealth Funds and International Political Economy by : Manda Shemirani
Download or read book Sovereign Wealth Funds and International Political Economy written by Manda Shemirani and published by Routledge. This book was released on 2016-12-05 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the first time, Shemirani provides a systematic methodology for the study of Sovereign Wealth Funds (SWFs) over their life span and emphasizes the need for a paradigm shift in our approach towards the study of state capitalism. Applied in this book to the world's four largest SWFs - Government Pension Fund-Global of Norway, Abu Dhabi Investment Authority of the United Arab Emirates, Temasek of Singapore, and the National Wealth Fund of the Russian Federation, this methodology can also be applied to other funds or form a basis for further analytical studies of SWFs. In addition to its first hand approach, the book addresses concerns about the lack of transparency by offering insights into the functioning and investment strategies of the selected SWFs. Academics and students in international political economy, international finance and international business as well as financiers, business leaders, and policy makers, will find the subject and the approach of this book highly useful.
Book Synopsis The Political Economy of Natural Resource Funds by : Eyene Okpanachi
Download or read book The Political Economy of Natural Resource Funds written by Eyene Okpanachi and published by Springer Nature. This book was released on 2021-08-13 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to foster a better understanding of the particular challenges faced by resource-dependent countries or jurisdictions in managing their resource revenues through natural resource funds (NRFs). It explores the varieties of natural resource management strategies as dictated primarily by domestic politics, and how the potential negative distributional consequences of resource wealth management (the resource curse) may add political dimensions and potential conflicts to decisions about NRFs in ways that other sovereign wealth funds (SWFs) do not experience. By bridging the existing academic and practical knowledge gap arising from the limited attention given to the domestic politics of NRFs and state-society relations, this edited book is a valuable resource for academics, policymakers, and civil society actors in resource-driven economies and especially those interested in learning from comparative experiences of natural resource wealth management through NRFs.
Book Synopsis The Oxford Handbook of Sovereign Wealth Funds by : Douglas Cumming
Download or read book The Oxford Handbook of Sovereign Wealth Funds written by Douglas Cumming and published by Oxford University Press. This book was released on 2017 with total page 737 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sovereign Wealth Funds have become increasingly powerful and influential investors. Their increasing role, and unusual character as both political and market actors, raise a number of issues with regard to finance, politics, regulation, and international business. This handbook draws together the growing but fragmented research on SWFs.
Book Synopsis Sovereign Wealth Funds by : Christopher Balding
Download or read book Sovereign Wealth Funds written by Christopher Balding and published by Oxford University Press. This book was released on 2012-02-08 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Sovereign wealth funds are a growing and dynamic force in international finance. The shifting international economic relations from capital rich states gives them new power in influencing the global agenda. Despite controlling trillions of dollars in the biggest companies in the world, little is known about the opaque funds of oil rich and non-democratic governments. This is the first book to compile a history of sovereign wealth funds recounting the Abu Dhabi Investment Authority's involvement with the scandal-plagued BCCI bank and Chinese arms exports to Iran. By constructing a history within the proper context of oil driven surpluses and large inflationary pressures with no international investment framework, this book explains the development and growth of sovereign wealth funds. The economics of capital surplus countries and investment strategies are examined in order to better understand sovereign wealth fund creation and growth. In a straightforward and accessible style, the author examines the complex and amazing growth of an unknown group of investors controlling trillions of dollars worldwide.
Book Synopsis Citizens' Wealth by : Angela Cummine
Download or read book Citizens' Wealth written by Angela Cummine and published by Yale University Press. This book was released on 2016-01-01 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: A wide-ranging analysis of a powerful but controversial new economic tool that has rapidly eclipsed the size of the hedge fund market In 2006, Chile teemed with protesters after finance minister Andrés Velasco invested budget surpluses from the nation's historic copper boom in two Sovereign Wealth Funds. A year later, when prices plummeted and unemployment soared, Chile's government was able to stimulate recovery by drawing on the funds. State-owned investment vehicles that hold public funds in a wide range of assets, Sovereign Wealth Funds enable governments to access an unprecedented degree of wealth. Consequently, more countries are seeking to establish them. Looking at Chile, China, Australia, Singapore, and numerous other examples, including a comparative analysis of Britain and Norway's use of oil revenues, Angela Cummine tackles the key ethical questions surrounding their use, including: To whom does the wealth belong? How should the funds be managed, invested, and distributed? With sovereign funds--and media attention--continuing to grow, this is an invaluable look at a hotly debated economic issue.
Book Synopsis The Personal Memoirs of Joffre by : Joseph Jacques Césaire Joffre
Download or read book The Personal Memoirs of Joffre written by Joseph Jacques Césaire Joffre and published by New York ; London : Harper. This book was released on 1932 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Managing Resource Abundance and Wealth by : Jonathon W. Moses
Download or read book Managing Resource Abundance and Wealth written by Jonathon W. Moses and published by Oxford University Press. This book was released on 2017-05-19 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Resource Abundance and Wealth: The Norwegian Experience describes the sundry and significant challenges, both economic and political, facing petroleum-producing countries. The volume outlines the pitfalls that policymakers encounter in the aftermath of a major resource discovery, and what they can do to protect their countries from the most adverse consequences. These lessons are derived from two very different sources: The broader-if still underdeveloped-social science literature that examines the 'Paradox of Plenty' in its disparate forms; and the experience of a country that has successfully managed its natural resources over several decades. As a small country on the margins of Europe, Norway has stood up to powerful international interests in one of the world's most powerful industries. Norway has exerted sovereign control over its natural environment, and exploited its resources in a way that has delivered significant wealth to its citizens. This volume explains how Norway has largely avoided the 'Paradox of Plenty'. It aims to demonstrate the variety of policy tools that are available to states rich in natural resources, and how these tools can be adjusted to changing (domestic and international) contexts. It considers a number of questions, such as how countries need to administer and regulate the industry to consider the costs and benefits associated with various contract and licensing regimes, and fiscal arrangements; to maintain competitiveness and avoid becoming too dependent upon the sector; to maximize local content; and to protect the broader economy from the volatility of petroleum prices. The volume shows how the industry can be managed in a democratic, just, and ethical manner, and for the benefit of the general population.
Book Synopsis Take the Money and Run by : Eric C. Anderson
Download or read book Take the Money and Run written by Eric C. Anderson and published by Bloomsbury Publishing USA. This book was released on 2009-03-20 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, an expert in the field explains why the United States is the world's largest debtor nation and how America's relationship to creditor states is of growing economic, diplomatic, and even national security concern. Foreign countries are not merely investing in U.S. corporations but are purchasing them outright: Abu Dhabi bought Citigroup securities, Kuwait purchased a large block Merrill Lynch stock, and China bought Morgan Stanley's convertible securities-and this happened before the September 2008 meltdown of Wall Street. The means by which wealthy foreign states make these purchases are sovereign wealth funds, their surplus capital that they are seeking to invest in order to generate the greatest return. Currently, the largest sovereign wealth funds are held by the United Arab Emirates (of which Abu Dhabi is part), Norway, Singapore, Kuwait, and the People's Republic of China; Qatar and Libya are also in the top ten. The United States has no such fund (although the state of Alaska does). This book takes a close look at China's and Norway's sovereign wealth funds to explain how they work. The author also uses domestic examples (Harvard's endowment, the California's state employees' retirement fund) to propose how the United States could create a sovereign wealth fund, speculating that such a fund could solve the looming Social Security funds shortfall. Most important, the book elucidates the national security aspects of not having an American sovereign wealth fund when so many other nations-both friend and foe-have them.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1513519379 Total Pages :48 pages Book Rating :4.5/5 (135 download)
Book Synopsis Norway: Selected Issues by : International Monetary Fund. European Dept.
Download or read book Norway: Selected Issues written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-09-09 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Norway: Selected Issues
Book Synopsis Strategy for Norways Pension Fund Global by : William N. Goetzmann
Download or read book Strategy for Norways Pension Fund Global written by William N. Goetzmann and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The September 2013 electoral victory of a center-right coalition after eight years of Socialist rule promised to bring changes to Norway, including to the countrys vaunted sovereign wealth fund. Erna Solberg, the leader of Norway's Conservative Party and the countrys new prime minister, had promised to review the funds structure and policies. During the election campaign, she noted that the investments "might be too big to be handled by just one fund." She added, "You could split it either on getting different handlers to compete better, or have different objectives for your investments in different funds. Were going to explore it, develop and see if its a good idea."
