Abstract

http://ssrn.com/abstract=1374880
 
 

Citations (1)



 
 

Footnotes (108)



 


 



The Human Rights Potential of Sovereign Wealth Funds


Christiana Ochoa


Indiana University Maurer School of Law

Patrick Keenan


University of Illinois College of Law

2009

40 Geo. J. Int’l L. 1151 (2009)
Illinois Public Law Research Paper No. 08-27
Indiana Legal Studies Research Paper No. 132

Abstract:     
In April, 2008, World Bank president, Robert Zoellick, called for sovereign wealth funds to invest one percent of their capital in Africa. The result will be the International Finance Corporation's Sovereign Funds Initiative and is an attempt to nurture the potential of sovereign wealth funds to contribute to economic development and improved well-being in a number of countries in Africa and elsewhere. This article explores the actual potential of the Sovereign Funds Initiative to realize its desired goals. After exploring and demonstrating the disappointing effects of natural resource wealth, development aid and foreign direct investment on some developing countries, the article proposes that the "one percent" should be used to fund a venture capital and micro/mezo-finance initiative targeted directly to entrepreneurs in partner countries. The paper proposes a Multilateral Sovereign Investment Agency to oversee this endeavor.

Number of Pages in PDF File: 30

Keywords: sovereign wealth funds, SWFs, human rights, development, Africa, venture capital, microfinance, International Finance Corporation, IFC, Sovereign Funds Initiative, corruption, rent-seeking, patronage

Accepted Paper Series


Download This Paper

Date posted: April 8, 2009 ; Last revised: July 2, 2013

Suggested Citation

Ochoa, Christiana and Keenan, Patrick, The Human Rights Potential of Sovereign Wealth Funds (2009). 40 Geo. J. Int’l L. 1151 (2009); Illinois Public Law Research Paper No. 08-27; Indiana Legal Studies Research Paper No. 132. Available at SSRN: http://ssrn.com/abstract=1374880 or http://dx.doi.org/10.2139/ssrn.1374880

Contact Information

Christiana Ochoa (Contact Author)
Indiana University Maurer School of Law ( email )
211 S. Indiana Avenue
Bloomington, IN 47405
United States
812-856-1516 (Phone)
812-855-0555 (Fax)
HOME PAGE: http://law.indiana.edu/directory/cochoa.asp
Patrick James Keenan
University of Illinois College of Law ( email )
504 E. Pennsylvania Avenue
Champaign, IL 61820
United States
Feedback to SSRN


Paper statistics
Abstract Views: 2,199
Downloads: 562
Download Rank: 25,624
Citations:  1
Footnotes:  108

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.469 seconds