Economic rebalancing and geoeconomic challenges for China: the case of intra-BRICS trade and foreig direct investments
Journal Title: Conjuntura Austral: journal of the Global South - Year 2020, Vol 11, Issue 53
Abstract
This article investigates a challenge that China will face in the coming years: the geoeconomic consequences of rebalancing its growth regime. On the demand side, Chinese investment and exports give room for consumption, reducing imports of capital goods and increasing imports of consumption goods. On the production side, manufacturing loses ground to services. Yet, each regime mplies different streams of commercial and investment flows, and patterns of influence, cooperation, and partnership. Thus, the spatial distribution of international trade and FDI must change, modifying economic linkages between China and its partners, like BRICS, and their bargaining power in the world economy. This study evaluates the trajectory of Chinese imports of goods and FDIs from other BRICS countries. In terms of trade, we assess the competitiveness of each country’s exports in relation to Chinese output. Regarding FDI flows, we consider the sectoral distribution of investments carried out by the largest Multinational Corporations (MNCs) from BRICS to assess likely changes. Our research suggests that the impacts of rebalancing on each BRICS country are mostly negative and asymmetrical, depending on the position of the latter in the international division of labor, shaped by the very geoeconomic influence of China.
Authors and Affiliations
Marcelo Milan, Leandro Teixeira Santos
Keywords
Related Articles
- EP ID EP678562
- DOI https://doi.org/10.22456/2178-8839.97150
- Views 146
- Downloads 0
Where are the women in regional integration? An insight from MERCOSUR
The objective of this work to make the absences visible and show the richness of the study from feminist lenses to establish a comprehensive research agenda of regional integration in MERCOSUR and that recovers the role...
Elements of the Chinese Naval Modernization: the Defence Policy and The Naval Doctrine Under The Light of its Strategic Challenges
This article aims to assess the Defence Policy and the naval doctrine of the People's Republic of China in light of their strategic challenges. To that end have been discussed: the Chinese strategic challenges in its reg...
The political-economic scenario post-cold war and the neoliberal wave in Latin America: a case study of Brazil, Chile and Argentina
This paper analyzes the impact of neoliberalism in Latin America in the late twentieth century taking account that there existed a strategy of hegemonic consolidation of the United States. Based on an exploratory and qua...
From atomic race to cooperation: the nuclear issue in Brazil and Argentina relationship
This article aims at analyzing the impact of the nuclear issue in the paradigmatic shift in the relationship between Brazil and Argentina, focusing on the transition period towards democracy in both countries. To accompl...
Brazilian foreign policy and the role of the Embrapa in case of Cotton -4
The article examines the role of the Brazilian Agricultural Research Corporation (EMBRAPA) in the Brazilian Foreign Policy (BFP), from the Lula government, through the case study of the Cotton-4 Project. The first part d...