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Is China’S Outward Investment In Oil A Global Security Concern?, Ilan Alon, Aleh Cherp
Is China’S Outward Investment In Oil A Global Security Concern?, Ilan Alon, Aleh Cherp
Faculty Publications
The dramatic increase in investment by Chinese SOEs in overseas oil assets is primarily driven by energy security concerns. Whether such investment will benefit or harm energy security of other countries is hotly contested. On one hand, this investment can supplement the overall lack of investment in the sector, benefiting all consumers. On the other hand, it may exacerbate environmental and political problems associated with fossil fuels.
The Globalisation Of Chinese Capital, Ilan Alon
The Globalisation Of Chinese Capital, Ilan Alon
Faculty Publications
The globalisation of Chinese capital will be one of the hallmarks of 21st-century economics, shaping debates over state capitalism, ‘free’ markets and international institutions. China internationalised its product markets and upgraded its manufacturing prowess towards the end of the 20th century by allowing inward foreign direct investment (FDI) and by promoting export trade. This was supported in part by cheap labour, and resulted in growing trade surpluses with key trading partners—particularly the US. Outward FDI was discouraged in order to preserve foreign reserves, and together these policies have helped China accumulate significant amounts of capital, now making it a multi-trillion …