Policy, institutional fragility, and Chinese outward foreign direct investment: An empirical examination of the Belt and Road Initiative
The Belt and Road Initiative (BRI) is an important policy agenda undertaken by the Chinese government. We explore how the BRI – as well as an associated policy, the creation of Chinese overseas special economic zones – influences Chinese outward foreign direct investment (FDI). We find that host-cou...
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| Veröffentlicht in: | Journal of International Business Policy 2020-09, Vol.3 (3), p.249-272 |
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| creator | Sutherland, Dylan Anderson, John Bailey, Nicholas Alon, Ilan |
| description | The Belt and Road Initiative (BRI) is an important policy agenda undertaken by the Chinese government. We explore how the BRI – as well as an associated policy, the creation of Chinese overseas special economic zones – influences Chinese outward foreign direct investment (FDI). We find that host-country institutional fragility positively influences Chinese FDI volumes, and that the impact of institutional fragility on Chinese inward FDI to the host is amplified in the presence of the BRI. Specifically, BRI policy facilitates FDI to countries with
weaker
rule of law and
less
government accountability. We argue that, while the BRI may actively facilitate economic growth (i.e., via infrastructure development), and in turn aspects of human development, particularly in less-developed economies, its likely impacts on political rights may not be so promising. |
| doi_str_mv | 10.1057/s42214-020-00056-8 |
| format | Article |
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weaker
rule of law and
less
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weaker
rule of law and
less
government accountability. 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weaker
rule of law and
less
government accountability. We argue that, while the BRI may actively facilitate economic growth (i.e., via infrastructure development), and in turn aspects of human development, particularly in less-developed economies, its likely impacts on political rights may not be so promising.</abstract><cop>London</cop><pub>Palgrave Macmillan UK</pub><doi>10.1057/s42214-020-00056-8</doi><tpages>24</tpages><oa>free_for_read</oa></addata></record> |
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| subjects | Accountability Business and Management Business Strategy/Leadership Economic development Economic growth Emerging Markets/Globalization Enterprise zones Foreign investment Human development Infrastructure International Business Rights Rule of law |
| title | Policy, institutional fragility, and Chinese outward foreign direct investment: An empirical examination of the Belt and Road Initiative |
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