Download full text
(external source)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://nbn-resolving.org/urn:nbn:de:gbv:18-4-5933
Exports for your reference manager
Chinese economic statecraft: a comparative study of China's oil-backed loans in Angola and Brazil
Chinas ökonomische Staatskunst: eine vergleichende Untersuchung von Chinas Kreditvergabe zur Ölförderung in Angola und Brasilien
[journal article]
Abstract Africa’s and South America’s rich endowments of resources and great need for infrastructure
development make them perfect candidates for China’s “infrastructure-for-resources”
loans. Over the past decade, such an arrangement for pursuing China’s resource-security
goals overseas ... view more
Africa’s and South America’s rich endowments of resources and great need for infrastructure
development make them perfect candidates for China’s “infrastructure-for-resources”
loans. Over the past decade, such an arrangement for pursuing China’s resource-security
goals overseas – namely, securing long-term supply contracts and accessing exploration
rights – has proved more effective in Africa than in South America. This article discusses
the reasons for this regional variation by providing a comparative study of China’s
economic statecraft in Angola and Brazil, focusing on the deployment of infrastructure-for-oil
deals. It argues that the variation in China’s energy-security outcomes (long-term
supply and access to oil equity) in Angola and Brazil can be attributed mostly to
fundamental differences between the institutional structures of each country’s oil
industry. Although this foreign policy instrument has worked well for the centralised
structure encountered in Angola, it has been less suitable for the far more liberalised
and regulated environment that characterises Brazil’s oil sector.... view less
Keywords
China; international relations; international aid; international capital movement; international economic relations; Angola; Brazil; crude oil; energy; energy policy; influence; credit policy; lending; Far East; South America; Latin America; Southern Africa
Classification
International Relations, International Politics, Foreign Affairs, Development Policy
Public Finance
Method
applied research; descriptive study; empirical; quantitative empirical
Free Keywords
institutional framework; infrastructure-for-oil loans
Document language
English
Publication Year
2013
Page/Pages
p. 99-130
Journal
Journal of Current Chinese Affairs, 42 (2013) 1
Issue topic
Chinese impacts and impacting China
ISSN
1868-4874
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works