Autore
Lucia, Maria Giuseppina

Titolo
SWFs: Transnational Investments and Local Development
Periodico
Geoprogress journal
Anno: 2018 - Volume: 5 - Fascicolo: 1 - Pagina iniziale: 49 - Pagina finale: 60

The accumulation of enormous amounts of money from petroleum exports and from balance of payments surpluses has led to the creation of Sovereign Wealth Funds. While the geography of sovereign wealth funds’ capital inflows and outflows has not changed significantly in recent years, the financial crisis led to a marked emphasis on lower risk assets, real estate in particular. This paper will seek to understand the role of these new protagonists in the world financial system. We will thus examine the Qatar Investment Authority’s acquisition of the Porta Nuova district in Milan to determine whether long-term investment of cross-border capital in a driving sector such as real estate, together with strengthened ties between local actors and global players, can have positive effects on the area involved.



SICI: 2384-9398(2018)5:1<49:STIALD>2.0.ZU;2-9
Testo completo: http://www.geoprogress.eu/wp-content/uploads/2019/10/GeoJ2018_I1_Lucia.pdf

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