CHINA’S OUTBOUND INVESTMENT IN ASEAN ECONOMIES IN THREE PERIODS: CHANGING PATTERNS AND TRENDS

2020 ◽  
pp. 1-38
Author(s):  
YEE-SIONG TONG
Keyword(s):  
Direct Investment ◽  
Southeast Asian ◽  
Foreign Investor ◽  
Firm Level ◽  
Foreign Investors ◽  
Chinese Investment ◽  
Asean Member ◽  
The World ◽  
Changing Patterns ◽  
Belt And Road

Southeast Asian economic sentiments toward China tend to dither between competitive and cooperative instincts. Initial warmth among the Association of Southeast Asian Nations (ASEAN) members toward the China-led Belt and Road Initiative (BRI) is slowly giving way to project-related concerns as well as fears that “China is buying the world”. This paper examines Chinese outward foreign direct investment (OFDI) in global and ASEAN contexts shortly after the start of the country’s “going out” strategy. The analysis draws on country- and firm-level investment data. It shows that a handful of ASEAN economies have become more important to Chinese investors as their motivations, capabilities and needs evolve. Nonetheless, with the exception of three (Cambodia, Laos and Myanmar), ASEAN economies have not become “reliant” on Chinese investment post-BRI launch, once one considers the increased weight China carries as a foreign investor in the developing world. This is either because these countries generally do not rely on FDI, or because traditional foreign investors from industrialized economies and more advanced ASEAN member states are far more entrenched than Chinese investors in the host economies.

Pengawasan Hukum Terhadap Penyalahgunaan Izin Tinggal Terbatas Penanaman Modal Asing

2021 ◽  
Vol 4 (2) ◽  
pp. 774-795
Author(s):  
I Gusti Putu Anom Kresna Wardana ◽  
Tsaltsa Syah Putri ◽  
Tunggal Bayu Laksono
Keyword(s):  
Research Methods ◽  
Secondary Data ◽  
Efficient Implementation ◽  
Foreign Investor ◽  
Residence Permit ◽  
Foreign Investors ◽  
Legal Supervision ◽  
Literature Reviews ◽  
The World

Every country in the world has sovereignty, especially over the security of its country, one of the things that can threaten the security of the country is the entry of foreigners whose activities are not according to the permits given to them, one of which is the misuse of residence permits by foreign investors in Indonesia. This study aims to explain in detail about the misuse of residence permits by a foreign investor in Indonesia and further discusses the legal supervision carried out by Immigration in dealing with irregularities committed by foreigners. This study uses a descriptive type with empirical normative research methods, where in finding data sourced from secondary data, namely through interviews, and secondary data obtained by conducting literature reviews such as laws and other regulations. At this writing it was found that the perpetrators took actions that were not in accordance with the purpose of giving a residence permit and did not carry out proper procedures to obtain a new Limited Stay Permit. From this research, it can be concluded that the supervision of foreigners must be tightened, one of which is the effective and efficient implementation of the Foreigner Supervision Team which is formed on the basis of synergy between related Ministries/Institutions in Indonesia.

scholarly journals Belt and Road Initiative: Interim Results and Challenges During Pandemic

2021 ◽  
Vol 65 (3) ◽  
pp. 42-51
Author(s):  
N. Pyzhikov ◽  
E. Gushchin
Keyword(s):  
Selection Process ◽  
Foreign Debt ◽  
Cost Effective ◽  
Point Of View ◽  
Current Status ◽  
Belt And Road Initiative ◽  
Middle Income ◽  
Chinese Investment ◽  
The World ◽  
Belt And Road

The article analyses the current status of the Belt and Road Initiative (BRI), its key achievements and challenges, including those related to the COVID 19 pandemic. In the 2010s China has become one of world’s largest investors and BRI is one of the most important tools of Chinese investment policy. Due to its flexible structure, BRI has been able to adjust and develop in the context of the U.S. – China trade war and the growing anti-Chinese sentiment in the world that included the concerns over so called China’s debt diplomacy. But this lack of rigidity is also a challenge to those who study BRI because there is no official list of projects (estimations vary between 118 and 374) and countries participating in BRI (up to 138). China’s key BRI partner is Pakistan. The total value of projects implemented by China in Pakistan as part of the China-Pakistan Economic Corridor was initially estimated at $46 billion but now exceeds $70 billion (new projects were signed even during the pandemic). BRI is increasing the number of its participants. In March 2019 Italy became the first G7 country to sign a BRI MoU with China. While implementing BRI China has faced such challenges as rising concerns of “China’s debt trap”, as well as ecological and political issues. In 2020 BRI is facing a new challenge with the COVID-19 pandemic. Some BRI projects were postponed because of the pandemic, but in some cases they were unaffected. There are 64 out of 138 countries participating in BRI that come from low and lower-middle income groups according to the World Bank classification. Their average ratio of foreign debt to GDP was 54% in 2018–2019. It is most likely that these countries will be hit hard by the coronacrisis. Thus the pandemic will encourage China to tighten the selection process for BRI projects with a focus on the most strategically important and cost effective ones. From the point of view of China’s BRI partners, the effect can be two-fold: the most unstable economies will increase their dependence on China, while with the economically strong countries China will be more willing to make concessions and offer more favorable conditions for cooperation.

THE IMPORTANCE OF LEGAL AND INSTITUTIONAL FUNDAMENTALS IN ATTRACTING FOREIGN INVESTMENT

2021 ◽  
Vol 4 (5) ◽  
pp. 32-37
Author(s):  
Hulkar Azimova ◽  
Keyword(s):  
Foreign Investment ◽  
Direct Investment ◽  
Investment Policy ◽  
Comprehensive System ◽  
Foreign Investor ◽  
Project Investment ◽  
Legal Regime ◽  
Foreign Investors ◽  
Legitimate Interests ◽  
Investment Agreement

This article describes the essence of foreign investment, the introduction of a comprehensive system of legal guarantees and benefits for foreign investors. The issues of strengthening the protection of the legitimate interests of investors in attracting foreign investment are also discussed.Keywords:investment project, investment commitment, investment policy, foreign direct investment, foreign investor rights, investment agreement, legal regime, investment visa

Foreign Direct Investment

2017 ◽  
pp. 239-257
Author(s):  
Kijpokin Kasemsap
Keyword(s):  
Foreign Direct Investment ◽  
Absorptive Capacity ◽  
Direct Investment ◽  
Global Economy ◽  
Spillover Effects ◽  
Advanced Technology ◽  
Foreign Investor ◽  
The World ◽  
External Capital ◽  
Management Techniques

This chapter indicates the overview of Foreign Direct Investment (FDI); FDI entries and export; FDI and spillover effects; FDI, human capital, and absorptive capacity; and the significance of FDI in the global economy. FDI is an investment in a business by an investor from another country for which the foreign investor has control over the company purchased. FDI offers a source of external capital and increased revenue. FDI can be a tremendous source of external capital for the developing countries, which can lead to economic development. Through FDI, capital goes to whatever businesses have the economic growth anywhere in the world. FDI helps in increasing the output through the utilization of advanced technology and management techniques. FDI benefits investors, businesses, and the global economy. FDI contributes to foreign exchange earnings, employment creation, and the increases in incomes in the global economy.

Globalization, Financial Development and Income Inequality

2015 ◽  
pp. 349-374
Author(s):  
Görkem Bahtiyar
Keyword(s):  
Financial Development ◽  
Capital Mobility ◽  
Direct Investment ◽  
Financial Liberalization ◽  
Division Of Labour ◽  
The Great Recession ◽  
Institutional Structures ◽  
The World ◽  
Changing Patterns ◽  
Portfolio Investments

Globalization, as a concept has three main aspects: economic, political and social. Economic globalization in general, refers to the liberalization of trade between countries and increasing mobility of factors. In the case of factor mobility, capital flows come to the fore. Increasing capital mobility in the form of foreign direct investment and more importantly, portfolio investments, apart from causing a new international division of labour among regions of the world, also have important effects on the financialization phenomenon, changes in income distribution and changing institutional structures. Developments in information-telecommunication technologies, changing patterns in intellectual sphere, as well as in political and economic institutions especially after the mid-1970s play a role in the rise of financial globalization. Financial liberalization has been celebrated since McKinnon (1973)-Shaw (1973), but the Great Recession sparked doubts on the ability of unchecked financial development on providing a solid and fair foundation of economic development.

scholarly journals China’s ‘Going Global’ Policy: Transnational Production Subsidies Under the WTO SCM Agreement

2020 ◽  
Vol 23 (4) ◽  
pp. 841-863
Author(s):  
Victor Crochet ◽  
Vineet Hegde
Keyword(s):  
World Trade ◽  
Direct Investment ◽  
Global Policy ◽  
Trade Law ◽  
International Trade Law ◽  
The World ◽  
World Trade Organization Agreement ◽  
Belt And Road ◽  
Production Subsidies ◽  
Shed Light

ABSTRACT As China is increasingly ‘going global’, foreign direct investment under its Belt and Road Initiative is becoming heavily scrutinized. One of the concerns is that Chinese companies establishing themselves in third countries would be unfairly advantaged by the financing they receive under China’s expansionist strategy. This financing gives rise to a situation that had long been described as ‘unrealistic’, in which a government subsidizes a firm outside of its territory. When such a firm’s products are exported to third countries, could such financing be disciplined under the World Trade Organization Agreement on Subsidies and Countervailing Measures? Should such financing, which enhances development in the receiving countries, be disciplined at all? The authors shed light on these issues and provide a preliminary guidance on how to structure this problem under international trade law.

scholarly journals A Peran Notaris Dalam Mendukung Investasi Di Era Masyarakat Ekonomi ASEAN (MEA)

Acta Comitas ◽  
2020 ◽  
Vol 5 (1) ◽  
pp. 26
Author(s):  
Ni Putu Mirayanthi Utami
Keyword(s):  
Social Services ◽  
Company Law ◽  
Foreign Investors ◽  
Counselling Services ◽  
Asean Member ◽  
Study Results ◽  
The World ◽  
Ethics Code ◽  
Notary Public

Indonesia is one of the ASEAN members who agreed to implement the ACIA which focuses on investment, as the result of the implementation of the AEC. With the expectation of increasing foreign investment activities between ASEAN member countries and becoming one of the investment destinations in the world. It is proven that Indonesia still the choice of foreign investors. In order to support interests of foreign investors in conducting their business, so the role of the Notary public in investment activities needed through written proof. This study aims to analyse and provide an understanding of the role of the Notary in supporting investment in Indonesia when the AEC is implemented. This research using normative juridical methods. The study results show that the role of the Notary through direct investment is authorized to make authentic deeds based on Company Law. Furthermore, the authority of the Notary is regulated in Notary Law and Notary Law Amandement such as: providing legal counselling, services and legalizing public documents that will be used in Indonesia or needed for investment abroad. The implication of AEC it would be awared by the Notary. Therefore as a profession in a field of law, the have a to provide a social services by mastering in English and knowledge able in investment of law accordance with hierarchy of legislation and increasing competence following Notary Law and Notary Law Amandement, Notary Ethics Code, and Bylaws I.N.I. so that they can compete professionally. Indonesia merupakan salah satu anggota ASEAN yang menyetujui direalisasikannya ACIA yang berfokus pada investasi, sebagai implikasi diberlakukannya MEA. Dengan harapan dapat meningkatkan kegiatan investasi asing antara negara-negara anggota ASEAN dan menjadi salah satu tujuan investasi di dunia. Terbukti Indonesia masih menjadi pilihan investor asing. Guna menunjang kepentingan investor dalam menjalankan usahanya, maka peranan Notaris dalam kegiatan investasi sangat dibutuhkan melalui pembuktian tertulis. Studi ini bertujuan untuk menganalisa dan memberikan pemahaman peranan Notaris dalam mendukung investasi di Indonesia saat MEA diberlakukan. Penelitian menggunakan metode yuridis normatif. Hasil studi menunjukkan bahwa peran Notaris melalui investasi langsung yaitu berwenang membuat akta otentik yang dilandasi dengan Undang-Undang Perseroan Terbatas. Selain itu, kewenangan Notaris diatur dalam Undang-Undang Jabatan Notaris dan Undang-Undang Jabatan Notaris Perubahan seperti: memberikan penyuluhan hukum, pelayanan dan melegalisasi dokumen publik yang akan digunakan di Indonesia atau diperlukan untuk investasi di luar negeri. Implikasi diberlakukannya MEA juga harus disadari oleh Notaris. Maka sebagai profesi hukum dalam memberikan pelayanan kepada masyarakat haruslah berbekal penguasaan Bahasa Inggris, penguasaan mengenai hukum investasi sesuai dengan hirarki perundang-undangan dan peningkatan kompetensi sesuai dengan Undang-Undang Jabatan Notaris dan Undang-Undang Jabatan Notaris Perubahan, Kode Etik Notaris, dan Anggaran Rumah Tangga I.N.I sehingga mampu bersaing secara profesionalitas.

"SILK ROAD" AND CHINESE DIRECT INVESTMENT IN HIGH-TECH INDUSTRIES OF THE EU

2021 ◽  
pp. 154-176
Author(s):  
Ninel Senyuk ◽  
Ivan Terukov
Keyword(s):  
Direct Investment ◽  
Online Survey ◽  
Negative Impact ◽  
High Tech ◽  
Member States ◽  
Eu Member States ◽  
Personal Attitude ◽  
Chinese Investment ◽  
Belt And Road ◽  
The Eu

This article presents a study of the dynamics of the distribution of Chinese direct investment in high-tech industries within the EU. The influence of Chinese FDI on the EU regulatory policy and the specifics of bilateral relations between the PRC and the EU member states in the field of high technologies were also studied. Based on data from the China Global Investment Tracker, the article analyzes the dynamics of Chinese investment flows to the EU from 2005 to 2019 and the distribution of Chinese investments by the EU member states and sectors of national economies before and after the implementation of China’s Belt and Road global initiative. Using a structured semi-formalized online survey of employees of high-tech companies located in the EU, the paper describes the specifics of cooperation with Chinese investors, the personal attitude of survey participants to the growth of Chinese investment capital in the EU and the respondents’ opinion on the prospects for the development of investment relations between the EU and the PRC. Based on the results of the empirical analysis, the following conclusions were drawn: China seeks to increase the export of capital to the EU, especially in the high-tech and infrastructure sectors. The EU’s strategic response is to develop common regulatory rules. However, the countries of Central and Eastern Europe are interested in increasing Chinese investment inflows much more than their western neighbors, and this fact increases the spread of opinions within the integration union. In addition, the implementation of the Belt and Road program has strengthened the positions of such southern European states as Italy, Greece, Portugal, as global information technology and infrastructure hubs within the framework of China-EU investment relations. At the same time, the consequences of Brexit, the global pandemic and the growth of protectionist sentiments of the EU leadership towards Chinese FDI will certainly have a negative impact on the volume of investment flows from China to the EU in the short term.

scholarly journals Formation of the investment market in Ukraine

2021 ◽  
Vol 2 (99) ◽  
pp. 182-194
Author(s):  
О. T . Prokopchuk ◽  
◽  
M. I. Malyovanyi ◽  
Yu. A. Tsymbalyuk
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Practical Importance ◽  
The United States ◽  
Retail Trade ◽  
Motor Vehicles ◽  
Necessary Condition ◽  
Investment Activity ◽  
Foreign Investors ◽  
The World

A necessary condition for the development of the economy is an increase in the investment activity of investors in the country, an increase in investment resources and their effective use. Therefore, the study of trends in the development of the investment market is relevant and of great practical importance. Specifically, investments form production potential on the latest scientific and technical basis and determine the competitive positions of states in world markets. The study of the formation of the investment market in Ukraine made it possible to form the following conclusions:  the total volume of foreign direct investment in Ukraine in 2020 amounted to $ 453 million. USA, which is 14 times less than in 2010;  the study of the geographical structure of foreign investment made it possible to determine that in 2020, 453 million dollars were invested in the Ukrainian economy by direct foreign investors from more than 76 countries of the world. US direct investment It should be noted that the main investing countries include Cyprus – 31.1 %, the Netherlands – 20.2 %, the UK – 6.1 %, Switzerland – 6.0 %, Germany – 4.6 %, Austria – 3.3 %;  analysis of the distribution of foreign direct investment in the context of sectors of the economy in Ukraine made it possible to note that the greatest interest among foreign investors in 2020 was aroused by industry - 180.35 million dollars. USA, that is, 39.8 %. The leading spheres of economic activity in terms of the development of direct investments in 2020 remain: wholesale and retail trade, repair of motor vehicles and motorcycles – 106.9 million dollars. The United States, accounting for 23.6 %; financial and insurance activities – $ 96.9 million, which is 21.4 %. Thus, Ukraine remains attractive for investments and is not aloof from world processes, is sufficiently integrated into the world economy and the violation of macrostability in foreign markets has its echo in Ukraine. Thus, the investment market is a rather complex phenomenon, with its own internal structural structure, which is sensitive to changes in the external environment. At the present stage, its construction is represented by the classification of structural and infrastructural elements, as well as by supervisory and control bodies, ensuring its functioning thanks to market mechanisms.

The impact of institutional quality on Chinese foreign direct investment in Africa

2019 ◽  
Vol 34 (6) ◽  
pp. 572-588
Author(s):  
Andrew G Ross ◽  
Maktoba Omar ◽  
Anqi Xu ◽  
Samikshya Pandey
Keyword(s):  
Foreign Direct Investment ◽  
Host Country ◽  
Direct Investment ◽  
Institutional Environment ◽  
Political Stability ◽  
Firm Level ◽  
Chinese Investment ◽  
Chinese Foreign Direct Investment ◽  
The Impact ◽  
Investment Patterns

The purpose of this paper is to analyse the impacts of the host country institutional environment on Chinese foreign direct investment in Africa. As one of the few papers to explicitly address the role of institutions on China–Africa foreign direct investment, our results highlight that countries who are able to provide a politically stable environment and control levels of corruption exert the greatest effects on Chinese foreign direct investment. After controlling for firm level motivation, the findings also reveal that as Chinese economic development evolves so does the apparent strategic direction of their investment patterns with greater attention now being given to investment quality and return on investment, rather than simply acquiring and extracting natural resources. From a policy perspective, the findings suggest three areas of development to promote increases in, and the sustainability of Chinese investment in Africa. First, the implementation of mechanisms to better control levels of corruption. Second, the promotion of long-term political stability to reduce investor uncertainty, and third, increased investment in supply-side initiatives to boost host country productivity to reflect the changing nature of Chinese investment patterns in Africa.

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