Sovereign Wealth Funds and Global Justice

@article{Armstrong2013SovereignWF,
  title={Sovereign Wealth Funds and Global Justice},
  author={Chris Armstrong},
  journal={Ethics \&\#x0026; International Affairs},
  year={2013},
  volume={27},
  pages={413 - 428}
}
  • Chris Armstrong
  • Published 2013
  • Economics
  • Ethics & International Affairs
Dozens of countries have established Sovereign Wealth Funds (SWFs) in the last decade or so, in the majority of cases employing those funds to manage the large revenues gained from selling resources such as oil and gas on a tide of rapidly rising commodity prices. These funds have raised a series of ethical questions, including just how the money contained in such funds should eventually be spent. This article engages with that question, and specifically seeks to connect debates on SWFs with… Expand
Global poverty, global sacrifices, and natural resource reforms
My aim in this essay is to advance discussion of how to justify the sacrifices that reforms combating global poverty might entail for the world’s better-off. I begin from the assumption that weExpand
Promoting Functional Distributive Justice in the Nigerian Sovereign Wealth Fund System: Lessons from Alaska and Norway
Nigeria established a sovereign wealth fund (SWF) system in 2011 to manage excess crude oil revenue, in the interest of current and future generations. Commentators have substantially addressed theExpand
Against ‘permanent sovereignty’ over natural resources
The doctrine of permanent sovereignty over natural resources is a hugely consequential one in the contemporary world, appearing to grant nation-states both jurisdiction-type rights and rights ofExpand
Decarbonisation and World Poverty: A Just Transition for Fossil Fuel Exporting Countries?
If dangerous climate change is to be avoided, the majority of the world’s fossil fuel supplies cannot be burned. Exporting countries will, therefore, lose out on a significant source of revenue –Expand
Peoples-Based Permanent Sovereignty over Natural Resources: Toward Functional Distributive Justice?
The international law principle of permanent sovereignty over natural resources posits that governments bear the sovereign rights to manage natural resources on behalf of citizens. That citizens haveExpand
Targeting rents: Global taxes on natural resources
In the debate on global justice, proposals to tax natural resources in order to reduce global poverty and fund other worthwhile objectives have attracted scholarly attention and controversy. In thisExpand
Remarks on Lydenberg’s “Reason, Rationality and Fiduciary Duty”
In his 2014 paper entitled “Reason, Rationality and Fiduciary Duty”, Lydenberg ventures into the field of the moral and political philosophy dealing with distributive justice in search of freshExpand
Emerging conservation challenges and prospects in an era of offshore hydrocarbon exploration and exploitation.
TLDR
The conservation community should become more involved in the earliest planning and exploration phases and remain involved throughout the operations so as to influence decision making and promote continuous monitoring of biodiversity and ecosystems. Expand

References

SHOWING 1-10 OF 66 REFERENCES
Sovereign Wealth Funds as a New Instrument of Climate Protection Policy?
Norway’s abundance of natural resources is the deciding factor in explaining how the north European state ranks among countries worldwide with the highest standard of living. However, fossil fuelsExpand
Sovereign Wealth Funds: Trustworthy Investors or Vehicles of Strategic Ambition?
Sovereign wealth funds, the investment arms of foreign governments, are challenging the U.S.'s traditional notions of free enterprise and its commitment to open markets. In this paper, I attempt toExpand
Recasting the Sovereign Wealth Fund Debate: Trust, Legitimacy, and Governance
Sovereign Wealth Funds (SWFs) are the subject of intense debate. While these financial institutions are hard to define in precise terms, all agree they are government-owned investment funds operatingExpand
Sovereign Wealth Funds: The Norwegian Experience
Sovereign wealth funds have rapidly become significant international institutions. The performance of funds varies substantially across countries, but comprehensive and systematic analyses of fundsExpand
Resources, Rights and Global Justice: A Response to Kolers
type="main"> Any adequate position on allocating rights over natural resources will recognise that as well as the general claims we have over them (simply as human beings), there are also oftenExpand
The Turn to Ethics: Disinvestment from Multinational Corporations for Human Rights Violations - The Case of Norway's Sovereign Wealth Fund
Norway's Global Pension Fund, a sovereign wealth fund worth over $300 billion, is the second largest in the world. Beginning in 2004 it adopted ethical guidelines intended to promote sustainableExpand
Overcoming Dividend Skepticism: Why the World's Sovereign Wealth Funds Are Not Paying Basic Income Dividends
More than 50 states around the world now possess a Sovereign Wealth Fund (SWF), yet only the Alaska Permanent Fund (APF) directly distributes profits to national citizens. SWFs are government-ownedExpand
Global Distributive Justice: An Introduction
Global distributive justice is now part of mainstream political debate. It incorporates issues that are now a familiar feature of the political landscape, such as global poverty, trade justice, aidExpand
Natural Resources, Territorial Right, and Global Distributive Justice
The current statist order assumes that states have a right to make rules involving the transfer and/or extraction of natural resources within the territory. Cosmopolitan theories of global justiceExpand
National Responsibility and Global Justice
This chapter outlines the main ideas of my book National responsibility and global justice. It begins with two widely held but conflicting intuitions about what global justice might mean on the oneExpand
...
1
2
3
4
5
...