THE ROLE OF WEALTH FUNDS IN AN ENTREPRENEURIAL ECONOMY


Bostan M., Ergen M.

TURKISH POLICY QUARTERLY, vol.16, no.2, pp.39-46, 2017 (ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 16 Issue: 2
  • Publication Date: 2017
  • Journal Name: TURKISH POLICY QUARTERLY
  • Journal Indexes: Emerging Sources Citation Index (ESCI)
  • Page Numbers: pp.39-46
  • Istanbul Technical University Affiliated: Yes

Abstract

Over the last decade, the role of the state in global economic policy has deepened, which particularly has implications for sovereign wealth funds (SWFs). SWFs government-owned investment vehicles established with a purpose to boost the national economy - originated in the 1950s but have grown significantly since then, now possessing huge amounts of investment capital. In this article, the authors argue that while each SWF has its own unique objective, on a whole SWFs are becoming key drivers of the entrepreneurial economy. Furthermore, they argue that the success of SWFs is contingent on building trust, establishing a reputable brand, inhabiting a start-up mindset, and subjective decision-making.