The role of sovereign wealth funds in natural resource-rich countries: A systematic meta-narrative review

Sovereign wealth funds (SWFs) have gained a considerable amount of attention in the past few decades owing to their growing significance in the world economy. Increasingly, SWFs are being tasked with an important task of increasing diversification of the economy away from natural resources. Despite the existence of several extensive reviews on sovereign wealth funds, the current study differs in two crucial ways: firstly, it aims to focus on the role of commodity SWFs in the economy, and secondly, it focuses on the resource-rich countries. The findings of this systematic literature review identify the gaps in the literature. This study concludes that commodity SWFs have an essential role to support industrial development and economic growth in natural resource-rich economies and suggests further areas of research.