Sovereign Wealth Funds And The Collaboration Among The BRICS

Sovereign Wealth Fund (SWF) is owned and established by the Soverign state, It is mainly focusing on the investment at worldwide in a long run, and is generated from the exporting of natural resource,foreign currency reserve and fiscal surplus. It is managed and operated by the specific governmental organization. SWFs of BRICS are emerged on the global fincial market, along with its progress of state economic developing, it becomes a new leading power in the global fincial market. In the comparison of developed countries, BRICS have the unique economic structure, significant volume in capital and different ideolodgy, which bring the uneasy and suspectedness to the global game. How to interperate the impressive impact that the SWFs of BRICS introduced to the prevalent global financial market become a serious political task, meanwhile under the environment of globalized economy, seeking the collaboration between BRICS sovereign wealth funds and The Western Country to reach a "mutual win" is another unavoidable task.This paper is based on the result of the contemplating academic research cross the countries, comprehending the theories of International Politics Ecomony, Diplomacy, Statistics and Economics together, try to analyse and expose the relaton of Cooperative Game Theory of "Competition with Collabration" between the BRICS and the Western, therefore, providing the theoratic exploration and methodology research for the BRICS’ SWF at the degree of facilitating the rejuvenation of the global financial institution and order,This paper demonstrates three creative arguments:(1) Deploying the analysis by applying the theory of Constructivism on the collaboration of BRICS’ SWF and the Western countries, particularly from the culture percpective. As a later-coming participant to the global financial market, BRICS’ SWF ought to conduct the interaction and communication with the financial institution, supervisory system and politic administration of the Western. The BRICS’ SWF is neither a substitute nor a destroyer at now and forth, rather a collaborator or initiator.(2) Nowadays, the distrust between BRICS’ SWF and The Western is still obvious; it must construct the mutual interest and collaborated competition in the field of Corporate Governance, Transparancy and Investment Strategy, in order to build a integrated communication system between BRICS and The Western. (3) The most efficient way for BRICS’ success is the inter-cooperation within the BRICS, from the country level to market and the institution of the contest, with an embedded BRICS’ SWF to be a part of the national foreign economy’s strategy, eventually, bring more influence to the global new economy institution establishment.