Sovereign Wealth Funds : Potential and Conditions for Partnerships

The spotlight trained on sovereign wealth funds (SWFs) in 2008 has also fed the French debate on the subject and highlighted the opportunity that existed to create a similar tool on the domestic level : the strategic investment fund (SIF), which makes it possible for the government to conduct both a defensive and an offensive industrial policy, reflecting a new « stare capitalism ». Between creating a domestic fund and accepting the intervention of foreign SWFs in our economy, a step has to be taken. This step is all the more necessary because fully grasping the possibilities offered by SWFs would make it possible to partially preserve France's financial and strategic interests, as long as this is done within a collaborative framework reasoned out and clearly defined with these funds. JEL Classification : F30, G28, G29Arthuis Jean, Marini. Sovereign Wealth Funds : Potential and Conditions for Partnerships . In: Revue d'économie financière (English ed.). Hors-série, 2009. Sovereign wealth funds : Special Issue 2009. pp. 319-328