IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-59739-9_2.html
   My bibliography  Save this book chapter

Development Institutions and Sovereign Wealth Fund as a Tool for Implementing Transformation Processes in the Economy

In: Post-Industrial Society

Author

Listed:
  • Julia Kovalchuk

    (Moscow State Institute of International Relations (MGIMO University)
    Moscow Aviation Institute)

Abstract

The chapter contains the author’s approach to researching the roles of specialized institutions established by governments of various countries in order to implement economy development projects (institutions and development funds) and solve issues of preserving financial stability in times of crisis (sovereign wealth funds). The rating of global competitiveness of countries drafted by the World Economic Forum was analyzed, which established that, despite different levels of institutional development in different countries, the largest sovereign funds function in countries ranking relatively low in this rating. The creation and research into the functioning of development institutions was conducted with Russia as an example. It has been proved that the need for development institutions arises upon the slowdown of growth caused by traditional economic structures and the increase in international competition, which (depending on the type in the devised classification) drives innovational activity, developing infrastructure, and investment in human resources. Modern approaches to the activity of sovereign wealth funds have been identified, including investment in high-tech companies and start-ups, and the allocation of income from special taxes.

Suggested Citation

  • Julia Kovalchuk, 2020. "Development Institutions and Sovereign Wealth Fund as a Tool for Implementing Transformation Processes in the Economy," Springer Books, in: Julia Kovalchuk (ed.), Post-Industrial Society, chapter 0, pages 15-29, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-59739-9_2
    DOI: 10.1007/978-3-030-59739-9_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-59739-9_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.