Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

A comparative analysis of the role of the state in Chinese, Japanese, and Korean investment in the EU

A comparative analysis of the role of the state in Chinese, Japanese, and Korean investment in... Chinese outward foreign direct investment (COFDI) in the European Union (EU) has recently attracted much attention. However, we cannot thoroughly understand the case of COFDI in the EU unless we compare it with other countries’ foreign direct investment (FDI). Japanese and Korean firms, including the keiretsu, and chaebol, are also quite active worldwide, including in the EU. The East Asian countries mirror the global power shift to the Asia Pacific and the challenges the EU faces concerning this development. This article examines the home state’s role in each of the three East Asian countries by focusing on how the Japanese, Korean and Chinese states supported their respective firms’ investments into the EU. It shows that COFDI in the EU substantially differs from its Asian counterparts due to its state-firm link, including ownership, policy support, and subsidies. Beijing also differs from Tokyo and Seoul because of its economic statecraft. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asia Europe Journal Springer Journals

A comparative analysis of the role of the state in Chinese, Japanese, and Korean investment in the EU

Hooijmaaijers, Bas
Asia Europe Journal , Volume 19 (4) – Dec 1, 2021
Download PDF
18 pages

Loading next page...
 
/lp/springer-journals/a-comparative-analysis-of-the-role-of-the-state-in-chinese-japanese-LVXEYO75Q7
Publisher
Springer Journals
Copyright
Copyright © The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature 2021
ISSN
1610-2932
eISSN
1612-1031
DOI
10.1007/s10308-021-00610-w
Publisher site
See Article on Publisher Site

Abstract

Chinese outward foreign direct investment (COFDI) in the European Union (EU) has recently attracted much attention. However, we cannot thoroughly understand the case of COFDI in the EU unless we compare it with other countries’ foreign direct investment (FDI). Japanese and Korean firms, including the keiretsu, and chaebol, are also quite active worldwide, including in the EU. The East Asian countries mirror the global power shift to the Asia Pacific and the challenges the EU faces concerning this development. This article examines the home state’s role in each of the three East Asian countries by focusing on how the Japanese, Korean and Chinese states supported their respective firms’ investments into the EU. It shows that COFDI in the EU substantially differs from its Asian counterparts due to its state-firm link, including ownership, policy support, and subsidies. Beijing also differs from Tokyo and Seoul because of its economic statecraft.

Journal

Asia Europe Journal – Springer Journals

Published: Dec 1, 2021

References

  • Do Chinese state-owned and private enterprises differ in their internationalization strategies?
    Amighini, A; Rabellotti, R; Sanfilippo, M
  • The weakest link. Problems and possibilities of unbalanced investment relations between the EU and Japan
    Ando, K; Vanoverbeke, D; Suami, T; Ueta, T; Peeters, N; Ponjaert, F
  • Economic integration and foreign direct investment: Japanese investment in the EC
    Balasubramanyam, VN; Greenaway, D
  • Home-country measures to support outward foreign direct investment: variation and consequences
    Becker-Ritterspach, F; Allen, ML; Lange, K; Allen, MMC
  • Europe and Korea: time for a relationship
    Bridges, B
  • Asian network firms: an analytical framework
    Buckley, PJ; Rowley, C; Warner, M
  • Internalisation theory and outward direct investment by emerging market multinationals
    Buckley, PJ
  • A retrospective and agenda for future research on Chinese outward foreign direct investment
    Buckley, PJ; Clegg, J; Voss, H; Cross, AR; Liu, X; Zheng, P
  • Upgrading the ‘software’: the EU–Korea free trade agreement and sociocultural barriers to trade and investment
    Cherry, J
  • The hydra revisited: expectations and perceptions of the impact of the EU-Korea free trade agreement
    Cherry, J
  • Attracting chinese foreign direct investment to small, developed economies: the case of Ireland Thunderbird
    Collison, P; Brennan, L; Rios-Morales, R
  • Korean foreign direct investment in Europe: the determining forces
    Dent, CM; Randerson, C
  • Enter the chaebol: the escalation of Korean direct investment in Europe
    Dent, CM; Randerson, C
  • The changing geography of Japanese foreign direct investment in manufacturing industry: a global perspective
    Dicken, P
  • Putting Japanese investment in Europe in its place
    Dicken, P; Tickell, A; Yeung, H
  • Determinants of Chinese direct investments in the European Union
    Dreger, C; Schüler-Zhou, Y; Schüller, M
  • Institutions and the OLI paradigm of the multinational enterprise
    Dunning, JH; Lundan, SM
  • The institutional origins of dynamic capabilities in multinational enterprises
    Dunning, JH; Lundan, SM
  • Determinants of Japan’s foreign direct investment: an industry and country panel study, 1984–1998
    Farrell, R; Gaston, N; Sturm, J-E
  • Motives of mergers and acquisitions by state-owned enterprises A Taxonomy and International Evidence
    Florio, M; Ferraris, M; Vandone, D
  • Exporting National Champions: China’s Outward Foreign Direct Investment Finance in Comparative Perspective
    Gallagher, KP; Irwin, A
  • How to handle state-owned enterprises in EU-China investment talks
    Garcia-Herrero, A; Xu, J
  • Understanding the Japanese Keiretsu: overlaps between corporate governance and industrial organization
    Gilson, RJ; Roe, MJ
  • Inter- and intra-sectoral linkages in foreign direct investment: evidence from Japanese investment in Europe
    Gross, DM; Raff, H; Ryan, M
  • The EU–China bilateral investment treaty: a challenging first test of the EU’s evolving BIT model
    Hallinan, D
  • Blackening skies for Chinese investment in the EU?
    Hooijmaaijers, B
  • Reshaping the EU’s FTA Policy in a Globalizing Economy: the Case of the EU-Korea FTA
    Horng, D-C
  • Japan’s financial crisis and economic stagnation
    Hoshi, T; Kashyap, A
  • Anticipation or risk aversion?: the effects of the EU enlargement on Korean trade and FDI activities in Central and Eastern Europe
    Jun, J-K; Hyun, J
  • Korea’s Experiences with Foreign Direct Investment and Implications for Eastern European Countries
    Jung, K-H
  • Japan’s foreign direct investment
    Komiya, R; Wakasugi, R
  • The rise of Chinese OFDI in Europe
    Knoerich, J; Alon, I; Fetscherin, M; Gugler, P
  • Korean investment in EU through holding companies: a case study East
    Lee, S-B
  • China and the EU: where next in bilateral trade and investment relations?
    Levinger, H; Hansakul, S
  • Japanese foreign direct investment in the European union: an extension of the Keiretsu network?
    Mardas, D; Pournarakis, M; Varsakelis, NC
  • EU–Korea relations in a changing world project: main results and recommendations
    Marx, A; Wouters, J; Moon, W; Rhee, Y; Park, S
  • The origins and evolution of Japanese direct investment in Europe
    Mason, M
  • Japanese keiretsu: Past, present, future Asia Pacific
    McGuire, J; Dow, S
  • Divide and conquer? China and the Cacophony of Foreign Investment Rules in the EU
    Meunier, S
  • ‘Beggars can’t be choosers’: the European crisis and Chinese direct investment in the European Union
    Meunier, S
  • A Faustian bargain or just a good bargain? Chinese Foreign Direct Investment and Politics in Europe
    Meunier, S
  • Beware of Chinese bearing gifts: why China’s direct investment poses political challenges in Europe and the United States
    Meunier, S; Chaisse, J
  • Beyond ownership: state capitalism and the Chinese firm
    Milhaupt, CJ; Zeng, W
  • Characteristics and performance of Japanese foreign direct investment in Europe
    Nitsch, D; Beamish, P; Makino, S
  • The new politics of trade negotiations: the case of the EU-Korea FTA
    Park, S
  • Perceptions of China’s outward foreign direct investment in European critical infrastructure and strategic industries
    Rabe, W; Gippner, O
  • Trends in FDI, home country measures and competitive neutrality
    Sauvant, KP; Economou, P; Gal, K; Lim, S; Bjorklund, AK
  • Push and pull factors for Chinese OFDI in Europe
    Schuller-Zhou, Y; Schuller, M; Brod, M; Alon, I; Fetscherin, M; Gugler, P
  • Japanese investment in the EG: Trojan horse or hostage?
    Van Bael, I
  • Chinese Communist Party’s New Presence in the Private Sector
    Yan, X; Huang, J
  • Internationalization of Chinese and Korean firms
    Yang, X; Lim, YT; Sakurai, Y; Seo, SY
  • China’s direct investment in the European Union: a new regulatory challenge?
    Zhang, H; Van Den Bulcke, D