What are sovereign wealth funds


Homework: Markets and Democracy

Reading: Ian Bremmer (2009). "State capitalism comes of age: the end of the free market?" Foreign Affairs 88 (3), pp. 40-55.

i. What are sovereign wealth funds (SWFs) and what role do they play in state capitalism? (Word limit: 50)

ii. In which respects is state capitalism likely to be an inefficient economic system? (100 words)

Format your homework according to the following formatting requirements:

i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.

ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.

iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.

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