Dixon Lab

Maastricht University

Zuid-Nederland (NL4) · Netherlands

ERC-funded
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ERC Starting Grant · 2017

Legitimacy, Financialization, and Varieties of Capitalism: Understanding Sovereign Wealth Funds in Europe

The number and size of sovereign wealth funds (SWF) has grown substantially in the last decade, leading to an unsettled debate regarding their legitimacy in the global political economy. Some suggest they represent the (re)emergence of state-led capitalism subject to geopolitical motivations that threaten free markets. For others, SWFs represent a source of long-term patient capital capable of mitigating market short-termism. Either way, SWFs challenge the norm, particularly in the West, that financial markets are spaces of exchange for non-state actors. In three complementary and interdisciplinary work programmes the SWFsEUROPE project will explain the evolving and variegated pattern of…

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