Hegemon or South-South partner? The ambiguity of Chinese foreign direct investment in Peru

IF 2 Q3 BUSINESS
Francisca Da Gama, Kim Bui
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引用次数: 0

Abstract

Purpose The purpose of this paper is to propose a framework for evaluating the relationship between China and Peru, drawing on dependency theory, against the backdrop of China’s explicit policies towards foreign direct investment. It seeks to transcend traditional interpretations of this relationship in the literature that focuses on China as either hegemon or a South–South partner to Latin American countries to highlight a more nuanced relationship. Design/methodology/approach The paper adopts a case study approach, focusing on China in Peru. The authors examine three areas of traditional, strategic and emerging industries drawing from Chinese national policies, reviewing these against characteristics of dependency: control of production, heterogeneity of actors, transfer of knowledge and delinking. Findings The authors find that Chinese foreign direct investment (FDI) in Peru demonstrates mixed motives and collectively operates as an ambiguous player. Chinese firms appear to be willing to work with various actors, but this engagement does not translate into a decolonial development alternative in the absence of a Peruvian political will to delink and Chinese willingness to actively transfer control of production and knowledge. Originality/value This paper contributes to existing literature on China in Latin America by evaluating Chinese outward FDI in Peru against China’s strategic aims in terms of a re-evaluation of dependency theory.
霸权还是南南合作伙伴?中国在秘鲁外国直接投资的模糊性
本文旨在以中国明确的外国直接投资政策为背景,借鉴依存理论,提出一个评估中国与秘鲁之间关系的框架。本文试图超越文献中对这一关系的传统解释,即把中国视为拉美国家的霸主或南南合作伙伴,从而强调一种更微妙的关系。 设计/方法/途径 本文采用案例研究方法,重点关注中国在秘鲁的情况。作者从中国的国家政策出发,对传统产业、战略性产业和新兴产业三个领域进行了研究,并根据依存关系的特征对这些领域进行了审查:生产控制、参与者的异质性、知识转让和脱钩。研究结果作者发现,中国在秘鲁的外国直接投资(FDI)动机不一,总体上是一个模棱两可的角色。中国企业似乎愿意与不同的参与者合作,但在秘鲁缺乏脱钩的政治意愿以及中国不愿意积极转让生产和知识控制权的情况下,这种参与并没有转化为非殖民地发展的替代方案。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.20
自引率
15.00%
发文量
17
期刊介绍: In recent years, the business practices and management philosophies of global enterprises have been subject to increasingly close scrutiny by commentators in the fields of journalism and academia. Such scrutiny has been motivated by a growing desire to examine the nature of globalisation, its impact on specific communities and its benefits for society as a whole. Coverage includes, but is not restricted to, issues of: ■Globalization ■Production and consumption ■Economic change ■Societal change ■Politics and power of organizations and governments ■Environmental impact
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