Mirtchev, A. (2008, December 5). Anticipated Post-Crisis Momentum Could Reposition Emerging Markets – States Retooling to Utilize New Geo-Economic Instruments such as SWFs. USA Today.
Dr. Alexander Mirtchev discussed the strategy of a number of emerging markets during the course of the global crisis and the process of recovery and the retooling that their economic arsenals are undergoing, in particular sovereign wealth funds. Mirtchev believes that the crisis is going to lead governments toward re-tasking SWFs to abandon previous vectors of investments and move towards more tangible profit-driven and productivity-oriented strategies, becoming more and more focused on and sensitive to their governments’ need to react to the economic downturn. In addition, these funds will be positioning themselves more and more as leading market players and potentially market-makers in certain regions and economies, establishing firmly their role as legitimate partners in the implementation of recovery strategies by different countries. Indeed, how the SWFs respond to the crisis and the emerging new global economic framework will impact the geopolitical perception of these funds and open new investment opportunities in a wider range of sectors and countries.