Green, Clean, and Mean? China’s Foreign Direct Investment in Sub-Saharan Africa Economy

This dissertation is an investigative study that utilized the Panel Vector Autoregressive (PVAR) model that examines the impact of China’s Foreign Direct Investment on the environment and economy of Sub-Saharan Africa (SSA). In evaluating this impact, 43 SSA countries were analyzed and subdivided into various income levels; three arguments were proposed and tested.First is China’s FDI in SSA, “green.” Does China’s FDI lead to sustainable growth and development for the environment in SSA.? Second, does China’s FDI clean up pollution through the reduction of Carbon dioxide (CO2) emissions? Lastly, does it lead to economic growth and development in SSA? The results of this analysis confirm and are consistent with other research findings that China is neither green nor clean but may lead to economic growth in the SSA, however statistically insignificant. Conversely, this research also proves that variables like education, government expenditure, and population growth lead to statistically significant economic growth. Furthermore, using the Granger Causality, it would be proved that GDP growth and CO2 emissions cause China’s FDI into SSA

From Divergence to Convergence: Re-evaluating the History Behind China's Economic Boom

China's long-term economic dynamics pose a formidable challenge to economic historians. The Qing Empire (1644-1911), the world's largest national economy prior to the 19th century, experienced a tripling of population during the 17th and 18th centuries with no signs of diminishing per capita income. In some regions, the standard of living may have matched levels recorded in advanced regions of Western Europe. However, with the Industrial Revolution a vast gap emerged between newly rich industrial nations and China's lagging economy. Only with an unprecedented growth spurt beginning in the late 1970s has the gap separating China from the global leaders been substantially diminished, and China regained its former standing among the world's largest economies. This essay develops an integrated framework for understanding this entire history, including both the long period of divergence and the more recent convergent trend. The analysis sets out to explain how deeply embedded political and economic institutions that had contributed to a long process of extensive growth subsequently prevented China from capturing the benefits associated with new technologies and information arising from the Industrial Revolution. During the 20th century, the gradual erosion of these historic constraints and of new obstacles created by socialist planning eventually opened the door to China's current boom. Our analysis links China's recent economic development to important elements of its past, while using the success of the last three decades to provide fresh perspectives on the critical obstacles undermining earlier modernization efforts, and their removal over the last century and a half.

China and the Dutch economy

China’s spectacular economic performance over the past few decades has had a positive net impact on the Dutch economy. Imports of cheap Chinese products have lowered Dutch inflation. Increasing Chinese exports to Europe have strengthened the role of the Netherlands as a key European distribution centre. Strongly increasing Chinese exports did not have a noticeable impact on the pace of restructuring in the Netherlands. Nor did this development lead to higher unemployment or did it cause a marked widening of Dutch income differentials. Concerning competition on world markets, Chinese export products are more complements than substitutes for Dutch export products. The Chinese economy is expected to continue its rapid expansion. Over the next five years, Chinese exports are likely to double. Increasing trade with China will continue and is expected to enhance Dutch welfare in the upcoming years and will continue to be associated with modest increases in competition and continued restructuring on some markets.

China\u27s New Anti-Monopoly Law: A Perspective from the United States

In August 2007, China enacted an Anti-Monopoly Law, becoming one of roughly ninety nations to establish a comprehensive regulatory regime governing competition. Since the advent of China’s economic reform program beginning three decades ago, China has been moving to integrate its economy within the global trading system. This article provides an overview of China’s Anti-Monopoly Law (“AML”) emphasizing key areas of significant apparent divergence from U.S. antitrust policy. The article addresses the evolution of anti-monopoly policy in China and the United States, observing that, where differences exist, China’s AML frequently reflects principles similar to those once embedded in U.S. antitrust policy, but which have been abandoned or modified by U.S. policymakers and courts in a sustained process of policymaking through trial and error. The article also examines specific areas of divergence between the AML and U.S. antitrust policy, describing how past U.S. policies, which find parallels in the AML, were modified or abandoned over time. Finally, the article concludes that in enacting the AML, Chinese policymakers aim to promote economic growth and innovation. It also expresses the hope that the U.S. experience, which was driven by the need to increase its own economic dynamism, may serve as an abiding point of reference to China’s policymakers

Governing Chinese Engagement with the Hydrocarbon-Rich Countries; Examining Chinese Investment in the Hydrocarbon Sector of Canada and Russia

China’s global quest for energy has been one of the most fascinating developments of the past twenty years. As Chinese state-owned enterprises (SOEs) have increasingly gone ‘global’ in search of energy resources, scholars have explored the rationale and implications of China’s investment abroad. However, existing studies have yet to examine the ability of Chinese SOEs to complete the intended investment projects. Several studies that have noted this gap suggest that researchers should examine the ability of Chinese SOEs to adapt to different institutional environments (Smith and D’Arcy 2013) and to analyze the responses of local stakeholders to Chinese SOEs’ engagement (Abdenur 2017). Responding to their call, my study aims to explain how domestic political economy (more specifically, institutional arrangements and stakeholder relations) shapes the ability of Chinese SOEs to successfully participate in hydrocarbon projects in a host country. To answer this question, I conducted a qualitative comparative study of Chinese engagement in the Canadian and Russian hydrocarbon sector. My research consisted of fieldwork, interviews, and library research in Canada and Russia. I utilized within-case studies – by looking at specific hydrocarbon projects where Chinese SOEs indicated interest to participate - to examine the reception of Chinese SOEs’ investment and loans (or other finance) along the hydrocarbon chain in both countries. My analytical framework combined historical institutionalism with stakeholder theories to analyze the ability of Chinese SOEs to participate in hydrocarbon projects in host societies. My framework proposes that stakeholder politics are shaped by an intervening variable, inter-state relations, which influences the receptiveness of stakeholders toward Chinese SOEs. My research finds that Chinese SOEs’ participation – which includes direct investment, loans, and other finance – in the hydrocarbon industry is determined by host-country institutions and stakeholder politics. Relatedly, Chinese engagement/participation in the hydrocarbon sector varies on the basis of the local needs. I propose that inter-state relations influence the timing of Chinese engagement as they shape stakeholder strategies in recipient countries, while formal and informal institutions interact with stakeholder politics in shaping the ability of Chinese SOEs to participate in hydrocarbon projects. Ultimately, this study explains the responses of investment-recipient countries to foreign direct investment and loans from Chinese SOEs in the hydrocarbon sector. In doing so, it makes theoretical and empirical contributions to the existing scholarship on international business, comparative political economy, and China studies

EMC Chair Symposium - Sea Control and Foreign Policy - Working Papers

This fifth maritime-centric EMC Chair symposium builds on the 2016 release of Design for Maintaining Maritime Superiority, which noted the “U.S. Navy has been a cornerstone of American security and prosperity.” The symposium will consider future directions of U.S. foreign policy and reflect on demands the country places on the Navy, Marine Corps, and Coast Guard to advance and defend national interests. Participants from DOD, academia, and the policy community will convene in Newport to discuss the implications for sea power as the Design challenges the Navy to “Deepen operational relationships with other services, agencies, industry, allies and partners – who operate with the Navy to support our shared interests.” Participants will consider the impact of technology, contested seas, and maritime partnerships on sea control.https://digital-commons.usnwc.edu/emcchair-symposia/1002/thumbnail.jp

Competitive Advantage of Sino-British Joint Ventures in China: A Study from Positioning, Resources, Partnership and Locational Perspectives

As a large number of MNEs have entered China and many domestic companies become increasingly competitive, Sino-foreign joint ventures are facing intensified competition in many industries in China. The review of the literature shows that few studies on Sino-foreign joint ventures focus on competitive issues, and most studies tend to examine the issues associated with partnerships. This thesis examines competitive advantage of Sino-British joint ventures in China and explains why some joint ventures have (or have not) achieved competitive advantage. The research developed a multi-perspective framework for analysing competitive advantage of the joint venture. The framework embraces strategic positioning, the resource-based view, partnerships, and location specific factors. The empirical study investigated five cases: AstraZeneca China, ERM China, Shanghai Marconi, GSK Chongqing, and YARACO. The case studies have revealed some salient characteristics of the joint ventures from the differing perspectives. The positioning perspective examines the alignment of activities with the positioning and fit among activities. Partnerships and locational factors are incorporated into the analysis. The analysis from the resource-based is focused on the potential of some critical resources for competitive advantage. The resources embedded in the partnership structure and the local context are likely to be sources of sustainable competitive advantage. The synthesized analysis investigates the relationship between activities and resources of the firm and leads to some theoretical propositions about creating sustainable competitive advantage. The research aims to make contributions to knowledge in the following respects. First, the research draws attention to competitive advantage of the joint venture as a relatively new area for the study. Second, by developing multi-perspective framework, the research can help broaden theoretical perspectives for studying the joint venture and may effect discoveries of new issues. Moreover, the research seeks to contribute to the debate about competitive advantage and strategy through synthesizing positioning and the resource-based view

The impact of negative events in scenic spots on tourists' behavioral intention: an analysis from the perspective of event system theory

Tourism is an important economic activity in China representing about 11.04% of GDP and 10.29% of total employment. In recent years, negative events occurred frequently in Chinese tourism spots, especially in scenic spots, and tended to be promptly divulgated through social networks. The impact of these fast-running news on tourism activity is still to be appraised. This study reviews the literature on negative events, and e-word-of-mouth effects, jointly with personality characteristic theory, and consumer behavior intentions to address the impact of negative events on tourism. The study contributes to the existent knowledge by using the event theory system framework to explore how negative events affect tourists’ intentions concerning visiting places where negative events took place. The results are meaningful both theoretically and practically, showing that, on the one hand, the dimensions of space and intensity proposed by the event theory system have a significant impact on tourists’ behavior and, on another hand, tourists’ personality, namely risk-taking tendencies and openness, has a significant impact on tourists' willingness to recommend. Further, the study addresses its limitations and proposes management contributions, and future directions of research.O turismo é uma atividade muito importante na China representando cerca de 11.04% do seu PIB e 10.29% do seu emprego total. Recentemente, acontecimentos negativos têm ocorrido com frequência em locais turísticos, especialmente em locais de espetáculos, e têm sido rapidamente difundidos através das redes sociais. O impacto sobre a atividade turística destas notícias aceleradas está ainda por avaliar. Este trabalho revê a literatura sobre acontecimentos negativos e efeitos de difusão eletrónica "boca-a-boca", em conjunto com a teoria da personalidade e das intenções de consumo, para analisar o impacto de acontecimentos negativos no turismo. O estudo contribui para a literatura existente ao usar o quadro do "event theory system" para explorar como os acontecimentos negativos afetam as decisões dos turistas em visitar os locais onde estes ocorreram. Os resultados são significativos, quer do ponto de vista teórico, quer prático, demonstrando, por um lado, que as dimensões espaço e intensidade sugeridas pelo "event theory system" têm impacto significativo no comportamento dos turistas e, por outro, que a personalidade dos turistas, nomeadamente a sua tendência para aceitar o risco e a sua abertura, tem um impacto significativo na sua vontade de recomendar os locais afetados pelos acontecimentos negativos. Adicionalmente, o estudo discute as suas limitações e propõe contribuições para o processo de gestão, bem como linhas de investigação futuras