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122. Impact of China‐Africa Investment Relations: The Case of Ethiopia
- Author:
- Alemayehu Geda and Atenafu G. Meskel
- Publication Date:
- 07-2013
- Content Type:
- Policy Brief
- Institution:
- African Economic Research Consortium (AERC)
- Abstract:
- This study investigated the growing relation between Ethiopia and China in the last decade. It is possible for Chinese-Africa relations to be either complementary or competitive (or indeed both) and it has multifaceted features. Notwithstanding this multifaceted linkage, the study focused on one of the channels – the investment (FDI) channel. Other channels are explored depending on the degree at which they shed light on understanding the Chinese-Ethiopian investment relations, which is the subject of this study.
- Topic:
- Economics, International Political Economy, International Trade and Finance, Foreign Direct Investment, and Macroeconomics
- Political Geography:
- Africa, China, Asia, and Ethiopia
123. The Impact of China‐Africa Investment Relations: The Case of Madagascar
- Author:
- Jean Razafindravonona, Eric Rakotomanana, and Jimmy Rajaobelina
- Publication Date:
- 07-2013
- Content Type:
- Policy Brief
- Institution:
- African Economic Research Consortium (AERC)
- Abstract:
- The rapid and spectacular expansion of the Chinese economy in the recent past is, for African countries, an opportunity to take advantage of not only in terms of strengthening the South-South cooperation, but also of developing African economies. It is thus important to define the channels through which African countries would do so. It is with this goal in mind that the African Economic Research Consortium (AERC) initiated the research project on the impact of the economic relation between China and sub-Saharan African countries.
- Topic:
- Development, Economics, International Political Economy, International Trade and Finance, Foreign Direct Investment, Global Political Economy, and Macroeconomics
- Political Geography:
- Africa, China, Asia, and Madagascar
124. The Impact of China‐Africa Trade Relations: The Case of the Republic of Congo
- Author:
- Jean‐Christophe Boungou Bazika
- Publication Date:
- 07-2013
- Content Type:
- Policy Brief
- Institution:
- African Economic Research Consortium (AERC)
- Abstract:
- The relations between China and Congo are already old since they began in 1963. However since the beginning of the 2000s, the economic relations between the two countries are characterized by an unprecedented dynamism. Congo’s exports and imports with China recorded a leap of 179.38% and 309.21% respectively for the period 2001-2005. Such a trend pushed analysts to predict that the relations between Africa and China should have a significant impact and lead to upheavals in the structure of African economies. Two tendencies emerged in the literature: the first predicts that these relations would have a negative impact, in the sense that they would provoke a competition that African producers would not be able to bear. The second predicts that these relations would enable African countries to consolidate their growth, thanks to the diversification of trade and the installation of infrastructures which were lacking - such as roads, bridges, hydro-electric dams, drinking water purification plants, etc.
- Topic:
- Economics, International Political Economy, International Trade and Finance, Foreign Direct Investment, Global Political Economy, and Macroeconomics
- Political Geography:
- Africa, China, Asia, and Republic of Congo
125. Alternative Investment Regimes for Direct Foreign and Domestic Investments in Russian Subsoil
- Author:
- Andrei Konoplyanik
- Publication Date:
- 01-2013
- Content Type:
- Working Paper
- Institution:
- The Harriman Institute
- Abstract:
- This paper examines the evolution of the Russian investment regime in the subsoil in its both key – legal and tax - components starting from the very beginning of post-Soviet Russia in early 1990s up to the present day. We will discuss what are the prospects of its further development on a “slightly different” (or alternative) basis compared to the one that exists today.
- Topic:
- Foreign Direct Investment, Legal Theory, Tax Systems, and Investment
- Political Geography:
- Russia, Europe, and Eastern Europe
126. Using Entrepreneurship to Promote Stability in Fragile Regions
- Author:
- Raymond Gilpin and Steven Koltai
- Publication Date:
- 09-2012
- Content Type:
- Policy Brief
- Institution:
- United States Institute of Peace
- Abstract:
- Described as the productive combination of innovation, initiative, risk and capital, entrepreneurship could provide a crucial underpinning for stability in conflict-affected regions via job creation and improved human security. State building initiatives regularly tout entrepreneurship as an integral part of broader economic development, political or security strategies but seldom explain the thinking behind purported causal linkages. The Six + Six model offers a targeted and comprehensive strategy to promote entrepreneurship in conflict-affected states. It provides a dynamic alternative to aid-based strategies. Given the growing success of impact investing, it is imperative for bilateral and multilateral development agencies to help facilitate such investment by co-investing and seeding further impact investing. Entrepreneurs in fragile regions urgently need support in the form of enabling environments and innovative approaches that reward their creativity and risk-taking. To bolster entrepreneurs' chances for success, policymakers should consider: redirecting foreign assistance; re-focusing private sector development interventions; re-conceptualizing state building; and re-valuing individuals.
- Topic:
- Conflict Prevention, Political Violence, Economics, Markets, Poverty, Fragile/Failed State, and Foreign Direct Investment
127. Is China's outward investment in oil a global security concern?
- Author:
- Ilan Alon and Aleh Cherp
- Publication Date:
- 10-2012
- Content Type:
- Policy Brief
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- The motivations prompting China's dramatic increase in outward foreign direct investment (OFDI) are not always clear, especially regarding OFDI by state-owned enterprises (SOEs) in energy and natural resources. First, both commercial and governmental interests are intertwined, although not necessarily in lock-step. Chinese SOEs listed in the West may worry about the reputational risks to their global corporate citizenship, while government stakeholders may instead focus on diplomatic international relations. Second, subsidies for oil investments may be viewed as serving Chinese national interests and threatening the national security of the host countries. Whether China's OFDI will benefit or harm global energy security, economic development and diplomatic relations is still hotly contested.
- Topic:
- Economics, Emerging Markets, Energy Policy, International Trade and Finance, Oil, and Foreign Direct Investment
- Political Geography:
- China
128. State-controlled entities as "investors" under international investment agreements
- Author:
- Jo En Low
- Publication Date:
- 10-2012
- Content Type:
- Policy Brief
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- A review of the definition of “investor” and investor-state dispute resolution clauses in 851 international investment agreements (IIAs) reveals that, except in two, state controlled entities (SCEs) (sovereign wealth funds and state-owned enterprises (SOEs)) have equivalent standing to their purely private counterparts as investors under such IIAs.
- Topic:
- Economics, Emerging Markets, International Trade and Finance, Markets, and Foreign Direct Investment
129. Absent from the discussion: The other half of investment promotion
- Author:
- Lise Johnson
- Publication Date:
- 09-2012
- Content Type:
- Policy Brief
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- As UNCTAD highlighted over a decade ago and again recently in its Investment Policy Framework for Sustainable Development, home-country measures (HCMs), like host-country commitments regarding the protection of foreign investors, are tools of promoting foreign investment. Nevertheless, the vast bulk of investment treaties, which state the promotion of foreign investment as their objective, overlook the potential role of HCMs and focus rather singularly on setting out the obligations of host countries regarding the treatment of foreign investors. Even recent agreements and model investment treaties that should represent “next generation” practices incorporating accumulated learning about the impacts and effectiveness of these treaties remain relatively devoid of any obligation for governments to facilitate or promote the quantity and quality of outward investment that many countries want and need for sustainable development.
- Topic:
- Development, Economics, Emerging Markets, International Trade and Finance, Markets, Foreign Aid, and Foreign Direct Investment
130. Reconciling IMF rules and international investment agreements: An innovative derogation for capital controls
- Author:
- Elizabeth L. Broomfield
- Publication Date:
- 09-2012
- Content Type:
- Policy Brief
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- There is currently no universal framework governing capital controls. As a result, a conflict has arisen due to the different approaches taken by various international organizations and many international investment agreements (IIAs). In particular, the International Monetary Fund (IMF) -- established to manage the international financial system -- preserves national autonomy over capital controls when such measures are deemed necessary; in contrast, IIAs, and especially bilateral investment treaties (BITs) -- crafted primarily to protect investors -- typically do not allow for the imposition of restrictions on capital outflows associated with foreign investments for balance-of-payments reasons.
- Topic:
- Development, Economics, International Monetary Fund, Foreign Aid, Foreign Direct Investment, and Financial Crisis