3. The Road to Pan-Asia
During the last decade SWFs evolved into critical strategic tools in the Middle East and East Asia. The rising price of crude and insatiable Western demand for cheap imports lifted what had been low-key but significant global financial players into topics for front-page stories. Their rapid proliferation and their potential for long-term growth suggest that SWFs are here to stay.
SWF activity is directly linked to economic diversification in both emerging regions, and this role will only become more important during the next decade. What’s of greatest long-term significance is the potential for Gulf Cooperation Council (GCC) and East Asian SWFs to lead the establishment of a third market to stand alongside the US and ...
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