Key Takeaways
- • The Asian Development Bank (ADB) published a 2009 paper by D. Park evaluating whether sovereign wealth funds (SWFs) in developing Asia can serve as a major conduit for the region's outward foreign direct investment (FDI).
- • The paper's central objective is to assess the prospects for SWFs to channel outward FDI from the region, an earlier version of which was presented at an ADB workshop on outward FDI from developing Asia held on 27 July 2009.
- • The primary source page itself contains only ADB boilerplate and contact details; the substantive findings are drawn from the publisher's context listings rather than a full text.
- • Related research cited alongside the paper finds that SWFs' outward FDI choices are primarily shaped by institutional transitions, market development and government legitimacy in home countries.
Summary
The Asian Development Bank has made available a paper titled "Developing Asia's Sovereign Wealth Funds and Outward Foreign Direct Investment," authored by D. Park and first published in 2009 (cited by 55 later works, according to the listing). The paper evaluates the prospects for sovereign wealth funds to serve as a major conduit for developing Asia's outward foreign direct investment. Its central objective, as described in the publisher's listing, is to assess how SWFs in the region might channel outward FDI.
An earlier version was presented at the ADB Workshop on Outward Foreign Direct Investment from Developing Asia, held on 27 July 2009 at ADB headquarters in Manila. The workshop context places the paper within ADB's broader research on the region's expanding role as a source of cross-border capital, a trend tied to strong economic development and the accumulation of foreign exchange reserves in East Asian economies.
The primary source page for the story contains ADB's institutional description, noting that the bank was founded in 1966 and is owned by 69 members, 50 of them from the region. It does not itself reproduce the paper's findings, so the details above are drawn from the publisher's listing and related publications.
Related work in the same publisher context, including a 2019 study by K.S. Reddy, finds that SWFs' outward FDI decisions are primarily determined by institutional transitions, market development and government legitimacy in the home country. A 2011 study by N. Salidjanova on Chinese outward FDI notes a dramatic increase in that country's outward investment and a surplus of savings that could support further growth. These works are cited as context and are not findings of the ADB paper itself.
An earlier version was presented at the ADB Workshop on Outward Foreign Direct Investment from Developing Asia, held on 27 July 2009 at ADB headquarters in Manila. The workshop context places the paper within ADB's broader research on the region's expanding role as a source of cross-border capital, a trend tied to strong economic development and the accumulation of foreign exchange reserves in East Asian economies.
The primary source page for the story contains ADB's institutional description, noting that the bank was founded in 1966 and is owned by 69 members, 50 of them from the region. It does not itself reproduce the paper's findings, so the details above are drawn from the publisher's listing and related publications.
Related work in the same publisher context, including a 2019 study by K.S. Reddy, finds that SWFs' outward FDI decisions are primarily determined by institutional transitions, market development and government legitimacy in the home country. A 2011 study by N. Salidjanova on Chinese outward FDI notes a dramatic increase in that country's outward investment and a surplus of savings that could support further growth. These works are cited as context and are not findings of the ADB paper itself.
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