Innovations in Sovereign Wealth Funds for National Development

6 Pages Posted: 1 Aug 2012

Date Written: July 27, 2012


What is it that makes a successful sovereign wealth fund? I outline three primary factors. First, a sovereign wealth fund needs a predictable and dedicated capital source. Second, few sovereign wealth funds have laid out clear and defined rules for withdrawal of fund capital. Third, a sovereign wealth funds demand the highest degree of independence possible while remaining technically a state linked entity.

Keywords: sovereign wealth funds, public savings, growth, business cycle, political economics

JEL Classification: E6, F3

Suggested Citation

Balding, Christopher, Innovations in Sovereign Wealth Funds for National Development (July 27, 2012). Available at SSRN: or

Christopher Balding (Contact Author)

Fulbright University Vietnam ( email )


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