Jurnal Global dan Strategis
ISSN 1907-9729
Vol. 2 / No. 2 / Published : 2008-12
Order : 5, and page :205 - 223
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Original Article :
Sovereign wealth funds sebagai pengelola kelebihan likuiditas di negara-negara gulf cooperation council
Author :
- Erry Wahyu Prasetyo*1
- Alumnus Program Sarjana Ilmu Hubungan Internasional
Universitas Airlangga
Abstract :
This article describes answers of two research questions. First, reasons why Sovereign Wealth Funds (SWF) was chosen as organizer of liquidity surplus in Gulf Cooperation Council (GCC) are. Second, how do GCC countries’ strategies to organize fund through SWF. To answer these questions, this article use theory of resource curse as well as concept of sustainability development and concept of strategic asset allocation. Based on these, it could be concluded that SWF was chosen because it was able to avoid resource curse effect so that sustainability development could works easily. The best strategy to reach that was strategic asset allocation. In this context, SWF functions were as commocdity funds, saving funds, and stabilization funds.
Keyword :
Sovereign Wealth Funds, Gulf Cooperation Council, sustainability development, Strategic asset allocation,
References :
Butt, S. et al.,(2007) Sovereign Wealth Funds: A Growing Global Force in Corporate Finance 19 (1): 73-83 : Journal of Applied Corporate Finance
Ghamdi, A.M.A.,(1991) Revenue Fluctuations and Curr ent and Development Expenditures in the GCC Countries. Development 9: 29- 36 : Policy Review
Balaam, D.N. dan M. Vesseth,(2001) Introduction to International Political Economy New Jersey : Prenctice-Hall
Gilpin, Robert,(2001) The Political Economy of International Relations Princeton : Princeton University Press
Jackson, Robert, dan Georg Sorensen,(1999) Introduction to International Relations Oxford : Oxford University Press
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