The expansion of Chinese foreign investment: the case of the Brazilian energy sector
DOI:
https://doi.org/10.22456/2178-8839.76332Keywords:
China, FDI, Oil, Energy Sector, BrazilAbstract
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.
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Accepted 2018-03-19
Published 2018-03-27
