Sovereign Wealth Funds and the Globalization of the Economy of the Arab Countries of the Persian Gulf

Articles in Press

Document Type : Research Paper

Authors

1 Ph D Student in Political Science, Department of Political Sciences, Faculty of Law and Political Science, Ferdowsi University of Mashhad, Mashhad, Iran

2 Associate Professor of International Relations, Department of Political Sciences, Faculty of Law and Political Sciences, Shiraz University, Shiraz, Iran

Abstract

Sovereign Wealth Funds in the Arab Gulf countries serve as financial instruments to manage revenues from natural resources, particularly oil, and to address the challenges arising from globalization. Although these funds are often created for economic purposes, the intertwining of economics and politics has led the GCC countries to achieve political gains from the funds. This article aims to create a more accurate understanding of the performance of Sovereign Wealth Funds in the Arab Gulf countries and the patterns associated with it. In this regard, by raising the question of how these funds have been able to represent the political economy of the Gulf Cooperation Council countries at the global level, using the method of examining the performance and statistical data related to the mutual relationship of the funds with the economies of these countries, it believes that national wealth funds in these countries have created a political function by using an economic tool; As they have created complex interdependencies between investing countries and the companies in which they invest, breaking this link has become costly for each. With their policies in this area, these countries have tied their economies to the global political economy, and in addition to material benefits, have also sought to enhance national and regional security and gain international credibility through this approach.

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POLITICAL QUARTERLY

Articles in Press, Accepted Manuscript
Available Online from 23 September 2026

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History

  • Receive Date: 08 July 2025
  • Revise Date: 10 September 2025
  • Accept Date: 16 September 2025

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