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Les fonds souverains : des acteurs clés dans la nouvelle géographie des richesses

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  • Javier Santiso

Abstract

[eng] Sovereign Development Funds : Key Financial Actors of the Shifting Wealth of Nations. The emergence of sovereign wealth funds (SWFs) has signaled a major reshaping of the world's economy : financial actors from developing countries playing on an equal footing with the financial giants of OECD countries. Beyond this spectacular emergence also lies promising news for the wealth of (developing) nations. SWFs may grow to become major actors of development finance : sovereign development funds. The international investment of SWFs is already increasing. If domestically, some SWFs tend to behave as development finance institutions, working to boost economic diversification or build strong national champions, in their international investment strategies their behavior resembles tradition al investment funds, seeking performance and solid returns. . JEL Classification : F30, 016 [fre] L'émergence des fonds souverains a marqué la reconfiguration en profondeur de l'économie mondiale : des opérateurs financiers de pays en développement jouent désormais à pied d'égalité avec les géants des pays de l'OCDE. Cet essor spectaculaire s'annonce également prometteur pour d'autres nations en développement. Les fonds souverains pourraient bien devenir des acteurs clés du financement du développement, sous la forme de fonds souverains de développement (FSD). Les investissements des fonds souverains à l'étranger ont déjà considérablement augmenté. Si, dans leur pays d'origine, plusieurs fonds souverains ont tendance à se comporter en institutions de financement du développement en s'employant à accélérer la diversification de l'économie ou à construire de robustes entreprises leaders, ils se conforment, pour leurs investissements à l'extérieur, aux stratégies classiques des fonds d'investissement orientées par la quête de la performance et de solides rendements. . Classification JEI : F30, 016

Suggested Citation

  • Javier Santiso, 2009. "Les fonds souverains : des acteurs clés dans la nouvelle géographie des richesses," Revue d'Économie Financière, Programme National Persée, vol. 9(1), pages 315-342.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2009_hos_9_1_5441
    DOI: 10.3406/ecofi.2009.5441
    Note: DOI:10.3406/ecofi.2009.5441
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    References listed on IDEAS

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    1. Benoît Coeuré & Javier Santiso, 2009. "Introduction. Les marchés émergents : des marchés d'avenir," Revue d'Économie Financière, Programme National Persée, vol. 95(2), pages 9-20.

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    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F30 - International Economics - - International Finance - - - General

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