This article looks at the relationship between SWFs and their recipient countries, with a focus on the impact it may have depending on the nature of the objectives pursued by the SWF from the perspective of a principal-agent framework. In particular, when the SWF has multiple objectives, there...

There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or...