UNIVERSITAS AIRLANGGA



Detail Article

Jurnal Hubungan Internasional

ISSN 1411-9729

Vol. 9 / No. 2 / Published : 2016-07

Order : 12, and page :197 - 216

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Original Article :

Independensi amerika serikat dan investasi sovereign wealth fund tiongkok di sektor strategis

Author :

  1. Larasati Andayani*1
  1. Mahasiswa Fakultas Ilmu Sosial dan Ilmu Politik

Abstract :

This article explains why the United States of America (US) receives China Sovereign Wealth Fund (SWF) investment that targets U.S. strategic sectors. Strategicsectors are strictly protected and foreign government-controlled investments are not allowed. To answer this question, this article uses the concept of global saving glut and theory of lender of last resort. Based on the concept and theory used, it could be concluded that the reason the US receiving China SWF investments in strategic sectors is due to the decreasing independence of the US government in determining investment in strategic sectors. It caused by the role of government that runs most of its function as lender of last resort at domestic level while at interational level the role of IMF also decreasing as lender of last resort because most of IMF creditors are western countries who also in crises.

Keyword :

Sovereign Wealth Fund, strategic sectors, lender of last resort, independence,


References :

Chuen, David Lee Kuo, dan Gregoriou, Greg N.,(2014) Handbook of Asian Finance: Financial Market and Sovereign Wealth Funds Oxford : Elsevier

Cong, Xu Yi,(2010) Who’s Afraid of Sovereign Wealth Funds 63 (1): 1-21 : Australian Journal of International Affairs

Fischer, Stanley,(1999) On the Need for an International Lender of Last Resort 13 (4): 85-104 : American Economic Association

Hu, Yu-Wei,(2010) Management of China’s Foreign Exchange Reserves: A Case Study on the State Administration of Foreign Exchange 421: 1-24 : Economic Papers

Kindleberger, Charles P., dan Aliber,(2005) Manias, Panics, and Crashes: A History of Financial Crisis New Jersey : John Wiley & Sons, Inc.





Archive Article

Cover Media Content

Volume : 9 / No. : 2 / Pub. : 2016-07
  1. Keterbatasan Faktor Kedekatan Geografis Dalam Mendukung Perkembangan Destinasi Ekspor Industri Kreatif
  2. Independensi Amerika Serikat Dan Investasi Sovereign Wealth Fund Tiongkok Di Sektor Strategis
  3. Look East Policy India Dan Usaha Pembendungan Tiongkok
  4. Kebijakan Luar Negeri Brazil Untuk Mempertahankan Posisi Eksportir Utama Dalam Pasar Etanol Global
  5. Kelangsungan Industri Shale Oil Amerika Serikat Di Tengah Tekanan Harga Minyak Dunia 2014-2015
  6. Kepentingan Tiongkok Di Balik Dukungannya Terhadap Chiang Mai Initiative Multilateralism (cmim)
  7. Model Non-ideal Reformasi Pasar India Dalam Kontrol Ketidaksempurnaan Pasar Dan Peningkatan Pertumbuhan Ekonomi
  8. The Role Of Religion, Idea And Identity In Taliban Alliance With Al Qaeda In Afghanistan
  9. Keterkaitan Hegemoni Amerika Serikat Terhadap Penguasaan Pasar Industri Kedai Kopi Dunia
  10. Drawing Asean Limits And Strengths In Tackling Terrorism: Study Case Of Abu Sayyaf Group

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