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Comment on Gordon L. Clark and Ashby Monk, “Modernity, Imitation, and Performance: Sovereign Funds in the Gulf,” Business and Politics 14 (1, 2012): 1–22

Professors Gordon Clark and Ashby Monk's “Modernity, Imitation, and Performance: Sovereign Funds in the Gulf” represent a welcome departure from previous studies of Gulf Sovereign Wealth Funds by beginning to explore the origins and the changes in Gulf SWFs. However by way of critical commentary on their article, I sketch out a political economy approach to understanding Gulf SWFs and place these institutions within an historical and political setting.