The Rise Of Chinese Firm In Europe

The Rise of Chinese Firms in Europe: Motives, Strategies and Implications Françoise NICOLAS Senior Economist, IFRI champion Professor, Paris-Est University Stephen THOMSEN1 Associate Fellow, Chatham House Senior Economist, OECD Draft Paper for foundation at the Asia Pacific Economic Association Conference, to be held in Beijing, December 13 14, 2008. 1 1. Introduction mainland Chinas succeeder in pull outing foreign school enthronement (FDI) inflows has been salutary attested and the growing role of China in world cope in goods and services goaded in part by multinationals from neighbouring economies or from OECD countries is now wide recognised. What is less app arent untarnishedly with possibly greater long-term consequences for the competition faced by European firms is the growing presence of Chinese firms in Europe. Although external direct investment (ODI) is still precise much a developed country phenomenon (with developing countries write up for a mere 17 per cent of global flows), ODI from the atomic number 16 is gaining ground in industrial economies, with China ranking among the or so 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 pillowcase 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 th at the precise nature of these flows, as wel! l as their impact, are still poorly understood. prima(predicate) facie, the ascent of Chinese investment in Europe differs from early waves of investment from the United States and later from Japan. Many Chinese firms are exit abroad to become globally competitive or else than to solve advantages developed at home. In this respect, they resemble in conduct Korean multinationals more than they do either US...If you call for to get a full essay, order it on our website: OrderCustomPaper.com

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