Is the growth of sovereign wealth funds, especially in the Middle East, transforming geopolitics? In a new Foreign Policy essay titled “The New Wealth of Nations,” George Lee and Jared Cohen look at the rise of what they call instrumental capital, and how countries are deploying massive amounts of state wealth not only for infrastructure and investments but also to boost their geopolitical standing and ambitions.
Jared Cohen, the co-head of the Goldman Sachs Global Institute, sat down with FP’s Ravi Agrawal to discuss why sovereign wealth funds are so pivotal today.
Note: This discussion is part of a series of episodes brought to you by the Goldman Sachs Global Institute.