Sovereign wealth funds and their impact on the economies of countries: Experiences of selected countries with special reference to Iraq

Abstract

The number and growth of sovereign wealth funds and rise rapidly in the international financial markets make it the place Ohama widespread, it has aroused considerable controversy about the impact on the local and international level, so that the impact of these funds analysis on the overall economies of the world in order to know the effects, both positive and negative, find out the feasibility of establishing sovereign wealth funds and potential on the economies of the royal and receiving countries and their impact on with both rely on some of the experiences that have been put forward in this area and that can be tapped in order to address the structural imbalance suffered by the Iraqi economy with foreseeing future to create a sovereign fund of Iraq, which is the most important objectives are to optimize the use of oil resources and economic stability of the state .