الإستراتيجية الاقتصادية الجديدة في الصين ومستقبل الاستثمارات الصينية المباشرة في دبي = The New China Economic Strategy and the Future of China Direct Investment in Dubai

2017 ◽  
Vol 38 (132) ◽  
pp. 15-63
Author(s):  
عرفان الحسني
Author(s):  
Sophie Meunier

The exponential growth of Chinese direct investment has been accompanied in some cases by controversy and even resistance, both in developing and in developed economies. Around the world, critics have expressed fears and denounced some of the potential dangers of this investment, such as lowering of local labour standards, hollowing out of industrial core through repatriation of assets, and acquisition of dual use technology. Alarmist media headlines have warned against a Chinese takeover of national economies one controversial investment deal at a time. The ensuing political backlash has often received considerable media attention and increased scrutiny over subsequent deals. What explains the political challenges posed by the spectacular explosion of Chinese direct investment over the past few years in the United States (US) and the European Union (EU)? How and why have attitudes and policies in the West changed over the past decade towards Chinese FDI? This chapter considers two alternative explanations for the political challenges triggered by Chinese investment in Western countries. The first is that Chinese FDI causes political unease because of its novelty. The second is the perception that there is something inherently different about the nature of Chinese FDI and therefore it should not be treated politically like any other foreign investment. These two explanations lead to a different set of predictions for the future of Chinese FDI in Europe and the US. The first section analyses how the novelty of Chinese FDI may pose political challenges to Western politicians and publics and compares the current phenomenon with past instances of political problematic sources of FDI. Section II examines the argument that there is something inherently different about Chinese FDI, notably as stemming from an emerging economy, a unique political system, and a non-ally in the security dimension. The third section explores the domestic political context in which these challenges are raised: in Europe, the euro crisis and the rise of populism; in the US, the focus on geopolitical competition and the rise of economic nationalism. The conclusion raises some implications of these political challenges on the future of Chinese outward investment.


Competitio ◽  
2010 ◽  
Vol 9 (1) ◽  
pp. 31-54 ◽  
Author(s):  
Kalman Kalotay

This article explores the future of Russian outward foreign direct investment in the aftermath of the crisis of 2008–2009. As it is too early to analyse the full impact of the crisis, it develops hypotheses about the degree of slowdown in the foreign expansion of Russian transnational corporations. It uses an extension of the eclectic paradigm to home country advantages (competitive environment, business environment, development strategy, State involvement) applied to a comparison of the Russian Federation with other economies in transition as an analytical tool. Systematic differences between transnationals from the Russian Federation (global firms, based on natural resources, aiming for vertical integration of assets) and from new European Union member countries (regional firms, based on downstream activities or services, aiming for horizontal integration) allow us to formulate more solid conclusions about the future of the Russian firms facing lower export prices, lower market capitalizations and higher debts. In turn, this article argue that a comparison with the large emerging economies of Brazil, China and India, under the acronym of BRIC can be less useful in the current context, as these economies are significantly less affected by the crisis of 2008–2009 than the Russian Federation; hence they can not expect a slowdown in their outward foreign direct investment similar to that of Russian transnationals. JEL: F23; F21; O52; P29


Author(s):  
Mariia Hobrei ◽  

The article examines the state and scale of attracted direct investment (equity) in Transcarpathia and Ukraine as a whole. Research of the direct investment market is relevant, because they are the basis for social and economic development of the country and its regions. The purpose of the article is to study the scale of attracted direct investment (equity) in the regions of Ukraine and the distribution of direct investment by type of economic activity in the Transcarpathian region, to investigate their impact on the development of the Transcarpathian region. Increasing the volume and improving the efficiency of attracted direct investment are becoming the main factors of economic development. For a comprehensive study of direct investment in Transcarpathia should take into account the sectors of the economy to which these investments are directed, and the dynamics of changes in direct investment in 2017-2019. Among all attracted direct investments in the economy of the country and regions, in particular the Transcarpathian region, it is necessary to single out those investments that are involved in important for the region types of economy. The article examines how significant are the attracted direct investments in the industrial sector of the Transcarpathian region, investments in which reach more than 80% of the total number of direct investments for each of the studied years. This is a significant indicator and shows the fact that industry is a key economic activity in the Transcarpathian region. Taking into account the specifics of the Transcarpathian region, it would be advisable to increase the volume of direct investment in the recreational sector of the region. Given that every year, during 2017-2019, the share of direct investment in the Transcarpathian region and in Ukraine as a whole was growing, we can understand how important this area is in the future for the economic development of the region. Given that Transcarpathia is a border area, we can focus on cooperation with countries bordering the region to increase the amount of direct investment in the region's economy. The results presented in this study show the importance of direct investment for the development of the region's economy and show the possibility of their growth in the future. Key words: direct investments, investment activity, investment attractiveness, socio-economic development, regional development


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