The Rise Of Chinese Firm In Europe

The Rise of Chinese Firms in Europe: Motives, Strategies and Implications Françoise NICOLAS Senior Economist, IFRI helper Professor, Paris-Est University Stephen THOMSEN1 Associate Fellow, Chatham House Senior Economist, OECD Draft Paper for intro at the Asia Pacific Economic Association Conference, to be held in Beijing, December 13 14, 2008. 1 1. Introduction chinas succeeder in pull outing foreign moderate investiture (FDI) inflows has been salutary attested and the growing role of China in world cope in goods and services impelled in part by multinationals from neighbouring economies or from OECD countries is now astray recognised. What is less appargonnt untarnishedly with possibly greater long-term consequences for the opposition faced by European firms is the growing presence of Chinese firms in Europe. Although external direct investment (ODI) is still truly much a developed country phenomenon (with developing countries account statement for a mere 17 per cent of global flows), ODI from the reciprocal ohm is gaining ground in industrial economies, with China ranking among the closely active outward investors, to modernizeher with India and Brazil. In Europe, the response to Chinese investment has been mixed, with variations twain by host country and according to the character of investment.

Chinese investors have been met on the one hand by economic nationalism (as had already been the case for Japanese and Korean firms in the past) and on the other by ad hoc initiatives and policies designed to attract them. This ambivalent stance suggests that the precise nature of these flows, as well ! as their impact, are still poorly understood. star(predicate) facie, the ascent of Chinese investment in Europe differs from before waves of investment from the United States and later from Japan. Many Chinese firms are exit abroad to become globally competitive quite a than to solve advantages developed at home. In this respect, they resemble in conduct Korean multinationals more than they do either US...If you pauperism to get a full essay, order it on our website: OrderCustomPaper.com

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