Sovereign Wealth Funds are government investment vehicles that have been present for decades. They are usually characterized by minimum information disclosure, however, this situation differed after worldwide events shed light on the role they possess to mitigate their downturns. The substantial economic influence they bring along due to their size and long term impact have recently created an uproar of debate that eventually led to the ratification of the Santiago Principles. The Principles set the stage for governing SWFs' operations and grant them more clarity. They also contribute to a more stable environment for cross-border investment flows. With the importance of SWFs, emerging economies also rose as key institutional investors; only this time they called for harnessing their funds towards sustainable development investment strategies. Despite pressuring need to improve transparency and governance structures of SWFs in EMs, the former are regarded as promising means for achieving the sustainable development goals.

Governments of today need to be future-oriented. The seismic disruptions in demographics, economic and political upheavals, increasing fragmentation between the haves and have-nots, leap-frog societal transformations, climate change, and technological innovations will be critical drivers impacting the context of how governments operate and function. Public sector organizations must be able to deliver services that are affordable, efficient and effective and can compete with the private sector. Governments must not only work towards safeguarding their people and resources, but take a more extensive look at the increasingly inter-connected world. They must work with the private sector and embrace the citizen who is demanding to be included in the decision-making process. This volume presents a series of case studies of countries, including the UAE, Germany, Estonia, Iceland, Finland, Chile and China, and their experiments with policy under five broad themes: government foresight, future orientation, regulatory reforms & strategy, the happiness agenda and the sharing economy. Each case, written by a leading expert in the field, presents the challenges and opportunities of the future and will provide key insights that will support policy makers, strategists and decision makers in mapping out their plans for tomorrow.