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The expansion of Chinese foreign investment: the case of the Brazilian energy sector
ISSN: 2178 - 8839
Publisher: author
The expansion of Chinese foreign investment: the case of the Brazilian energy sector
Indexed in
Social Sciences
ARTICLE-FACTOR
1.3
Article Basics Score: 3
Article Transparency Score: 2
Article Operation Score: 2
Article Articles Score: 2
Article Accessibility Score: 2
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International Category Code (ICC):
ICC-0202
Publisher: Conjuntura Austral: Journal Of The Global South Internatio..
International Journal Address (IAA):
IAA.ZONE/217847978839
eISSN
:
2178 - 8839
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Abstract
Since the end of the 2000tees there has been a considerable amount of Chinese investments in Brazil´s energy sector, specifically in oil and electricity. These flows are part of a wider movement that transformed China from a net recipient to a net exporter of capital. This article analyses the dynamics of this new reality in the Brazil case, in the framework of Chinese strategy for a new stage in its internationalization and the strategies of the companies involved. Investments in the oil sector correspond basically to a resource-seeking strategy that has been a reality for a longer period of time and reflects China´s high dependence of fossil energy in general and import dependency of oil in specific. On the other hand, the investment flow in the electricity sector corresponds to a new strategy of capital export and market-seeking based on technological supremacy.
