“有一个明显的经济和道德理由，利用大量比例从公共自然资本的消耗耗尽来积累其他形式的公共资本......令人疑声，迄今为止，这一直不是全球模式，因为资源租金have been associated with political dysfunction...The type of politics which produces pressures to over-spend resource rents on consumption is well-understood, notably the ‘voracity effect’...To avoid this syndrome of political pressures governments again need commitment technologies. Currently, the governments of several resource-rich countries are establishing such commitment technologies through variants on Sovereign Wealth Funds (SWF), examples being Nigeria and Ghana. These are constitutional devices which earmark a certain proportion of resource revenues for the Fund. In turn, money in the Fund can only be used for the accumulation of assets, whether foreign financial assets or domestic public investment.”
Collier教授在这里接受了一个有趣的主题，即SWFS为政府提供了处理时间挑战的有用方法。例如，SWF可以随着时间的推移平滑挥发性资源收入;他们可以支持可持续的政府支出;他们可以促进世代财富转移;他们可以（如果建立正确）最大限度地减少了对渎职令人生意和挪用国家资源的政治诱惑。所有这些目标都是关于纪律政治家的短期诱惑，以优先考虑国家的长期利益。
所以，当你想到它时，决定建立一个新的SWF的政府正在有意识地努力考虑明天的 - 除了今天的需求。给予过去几年这些资金的令人难以置信的人气，我认为这很令人鼓舞......