Year of Graduation
Eline marie Groholt
Sovereign Wealth Funds as Autonomy-Maximizing Entities. A Comparative Analysis of Russia and Kazakhstan
International Relations in Eurasia
This dissertation analyses the role of the Sovereign Wealth Funds in Russia and Kazakhstan by investigating the interests of the funds’ sponsors, namely elites and the president. In this dissertation process tracing is used to study how the evolvement and use of the Russian and Kazakhstani Sovereign Wealth Funds, through guaranteed and targeted transfers, have supported autonomy-maximisation of their respective presidents. The cross-case comparison sheds light on five behaviours consistent with autonomy-maximising strategy: politicised domestic investments, dollar recycling, passive foreign direct investments, pacifying domestic citizenry and extraordinary outward investments.