Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - China and India’s economic relations with African Countries – neo-colonialism eastern style?
AU - Balasubramanyam, Vudayagiri Nagabhushanam
PY - 2015
Y1 - 2015
N2 - A significant feature of globalisation is the advent of Chinese and Indian firms as overseas investors. Investments by these two countries though not large in volume have grown apace and given a new lease of life to writings on foreign direct investment. Most of these studies including the statistical studies on the determinants of these investments replicate the conclusions of studies on foreign investment in general. Although not large in volume investments of Chinese and Indian firms in natural resource extraction industries, including oil in African countries, have reignited the controversies on the contribution of foreign investment to development. This paper reviews the contribution of these studies and argues that a fresh perspective is required to analyse both the determinants and impact of foreign investment by China and India on the host economies. Their contribution to the development of the African countries may be much more substantial than that of investments by the developed countries mostly because of their experience and awareness of development issues.
AB - A significant feature of globalisation is the advent of Chinese and Indian firms as overseas investors. Investments by these two countries though not large in volume have grown apace and given a new lease of life to writings on foreign direct investment. Most of these studies including the statistical studies on the determinants of these investments replicate the conclusions of studies on foreign investment in general. Although not large in volume investments of Chinese and Indian firms in natural resource extraction industries, including oil in African countries, have reignited the controversies on the contribution of foreign investment to development. This paper reviews the contribution of these studies and argues that a fresh perspective is required to analyse both the determinants and impact of foreign investment by China and India on the host economies. Their contribution to the development of the African countries may be much more substantial than that of investments by the developed countries mostly because of their experience and awareness of development issues.
KW - Foreign Direct Investment (FDI)
KW - political factors
KW - neo-colonialism
KW - dragon slayers
KW - panda huggers
KW - social responsibility
U2 - 10.1080/14765284.2014.994844
DO - 10.1080/14765284.2014.994844
M3 - Journal article
VL - 13
SP - 17
EP - 31
JO - Journal of Chinese Economic and Business Studies
JF - Journal of Chinese Economic and Business Studies
SN - 1476-5284
IS - 1
ER -