Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Jurnal Hubungan Internasional
Cahyafitri, Raras
Unknown Affiliation
Languange, Linguistic, Communication & Media Library & Information Science

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Expanding Statism through Sovereign Investment? Evidence from the Domestic-Focused Indonesia Investment Authority Cahyafitri, Raras
Jurnal Hubungan Internasional Vol. 13 No. 2 (2025)
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jhi.v13i2.22643

Abstract

This study examined Indonesia’s first-ever sovereign wealth fund (SWF), known as the Indonesia Investment Authority (INA), focusing on domestic investment. While some newly established SWFs prioritize domestic markets, most of the traditional sovereign funds invest overseas. This study questions INA’s establishment considering this trend. Through qualitative analysis of secondary data, this research argues that INA’s domestic orientation, structure, and investment objective reflect a growing trend of expanding statism, whereby the government leverages the sovereign fund to shape public and private capital allocation for national projects. INA’s co-investment scheme has enabled non-state actors to maintain their capital ownership while the fund determines investment directions. Given the growing number of SWFs worldwide with varied business models, concerns have emerged that governments may utilize them as instruments of power.
Co-Authors