Publishing Institution: Columbia Center on Sustainable Investment / Political Geography: Asia / Topic: International Trade and Finance

Author:: Karl P. Sauvant and Victor Z. Chen
Publication Date:: 05-2014
Content Type:: Policy Brief
Institution:: Columbia Center on Sustainable Investment
Abstract:: China's rising outward foreign direct investment (OFDI) faces rising skepticism abroad. This is partly the result of the leading role of state-owned enterprises in her OFDI (and the fear that it serves non-commercial purposes), the speed with which this investment has grown, the negative image of the home country in some quarters, and the challenges it poses to established competitors. Moreover, Chinese multinational enterprises (MNEs) may not always keep in mind that host countries see FDI as a tool to advance their own development and hence seek maximum benefits from it.
Topic:: Economics, International Trade and Finance, and Foreign Direct Investment
Political Geography:: China and Asia

Author:: Wenhua Shan and Lu Wang
Publication Date:: 08-2014
Content Type:: Working Paper
Institution:: Columbia Center on Sustainable Investment
Abstract:: Since China and the European Union (EU) announced their decision to negotiate a bilateral investment treaty (BIT) at the 14th China-EU Summit in February 2012, the two sides have engaged in two rounds of negotiations. If successful, it will be the first standalone EU BIT, a BIT between the world's largest developed economy and the world's largest developing economy, and will occupy a unique place in the history of BIT negotiations.
Topic:: Economics, International Trade and Finance, Bilateral Relations, and Foreign Direct Investment
Political Geography:: China, Europe, and Asia

Author:: Saurav Pathak, André Laplume, and Emanuel Xavier-Oliveira
Publication Date:: 12-2012
Content Type:: Policy Brief
Institution:: Columbia Center on Sustainable Investment
Abstract:: Whether or not foreign direct investment (FDI) is essential for domestic technological and economic development remains a contentious question. The controversy is illustrated by comparing the Celtic and Asian Tigers experiences from 1995 to 2000. Based on IMF and World Bank data in constant prices, Ireland and China averaged an annual growth rate of 8% in GDP per capita. However, FDI per capita grew at an average pace of 98% per year in Ireland, while in China it decreased by 1% -- absolute values averaged US$ 3,397 versus US$ 144, respectively. This suggests that, rather than a one-policy-fits-all approach, customized policies are more appropriate; and, if any generalization can be made, it should be based on a country's stage of economic development.
Topic:: Development, Economics, Emerging Markets, International Trade and Finance, and Foreign Direct Investment
Political Geography:: Israel and Asia

Author:: Ken Davies
Publication Date:: 05-2009
Content Type:: Policy Brief
Institution:: Columbia Center on Sustainable Investment
Abstract:: In 2008 global FDI fell by around 20%, while outward FDI from China nearly doubled. This disparity is likely to continue in 2009 and 2010 as China invests even more overseas. What is driving this continuing surge in China's outward FDI?
Topic:: International Trade and Finance, Foreign Direct Investment, and Financial Crisis
Political Geography:: China and Asia

Author:: Andrei Panibratov and Kalman Kalotay
Publication Date:: 10-2009
Content Type:: Working Paper
Institution:: Columbia Center on Sustainable Investment
Abstract:: Outward foreign direct investment (OFDI) from Russia often surprises outside observers by its landmark deals. One of them was the purchase in September 2009 of a 55% stake in General Motors' German affiliate Opel by a consortium of the Canadian car maker Magna and the Russian state-owned bank Sberbank. The latter is the largest creditor of the Russian car maker GAZ, and may represent its commercial interests in the contract. With this deal, Russia has bought into the industrial heartland of the world economy and could potentially access more advanced technology. This acquisition hints at the growth of Russian OFDI in general, which has prospered despite fears in many host countries that the investors are subject to Russian political interference, a fear that recently announced Russian policy intentions may allay.
Topic:: Economics, International Trade and Finance, Markets, and Foreign Direct Investment
Political Geography:: Russia, Europe, and Asia

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