What Have We Learnt of Joint Ventures in the Internationalization Process of Chinese Multinationals (MNCs)? Evidence from Central Africa

The purpose of this article is to analyze the specific role of joint ventures and other strategic alliances in Foreign Direct Investments (FDI) carried out by Chinese Multinationals Corporations in Central Africa. After exploring the extent to which the use of Sino‑Western joint ventures has helped...

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Autor principal:	T. Dzaka-Kikouta
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2020
Materias:	fdi chinese multinationals joint ventures strategic alliances “angolan model” “package deals” technology acquisition foreign markets supplies of raw materials central africa eccas International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/2ceeaefca1a2410f98fc045a234a3699
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spelling	oai:doaj.org-article:2ceeaefca1a2410f98fc045a234a36992021-11-07T14:45:04ZWhat Have We Learnt of Joint Ventures in the Internationalization Process of Chinese Multinationals (MNCs)? Evidence from Central Africa2542-02402587-932410.23932/2542-0240-2020-13-3-5https://doaj.org/article/2ceeaefca1a2410f98fc045a234a36992020-08-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/637https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324The purpose of this article is to analyze the specific role of joint ventures and other strategic alliances in Foreign Direct Investments (FDI) carried out by Chinese Multinationals Corporations in Central Africa. After exploring the extent to which the use of Sino‑Western joint ventures has helped Chinese firms to improve their technical and managerial skills both in domestic and foreign markets, the focus shifts to Central African countries members of the Economic Community of Central African States (ECCAS). The result is that joint ventures have become a major vehicle for Chinese multinationals firms to channel FDI, thus supporting the hypothesis that in the region under study this strategy allows them to guarantee the supply of raw materials (oil and mining products: copper, cobalt, gold, diamond,..), as part of a “package deals” linking FDI, Chinese Aid and Trade, also known as “Angolan model”; to conquer foreign markets (for technology and manufactured goods “Made in China”) and; to a lesser extent, to acquire strategic assets (brands, technological innovation, managerial skills).The commitment of Chinese stateowned MNCs through the “package deals” appears to be the keystone of stability and sustainability of Chinese FDI in Central Africa and in the continent In conclusion, the expectation is that the flow of Chinese FDI to Central Africa, should contribute to the process of sustainable development in recipient countries, provided that adequate political and economic governance is guaranteed. A pre‑requisite is to achieve institutional change, from a rent‑seeking to a developmental behavior at the state level, the result being an enhanced capacity to promote engineering potential, through the strengthening of human capital, and to negotiate transfer of technology and know‑how, with emerging countries partners, especially BRICS (Brazil, Russia, India, China and South Africa)T. Dzaka-KikoutaАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articlefdichinese multinationalsjoint venturesstrategic alliances“angolan model”“package deals”technology acquisitionforeign marketssupplies of raw materialscentral africaeccasInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 13, Iss 3, Pp 82-102 (2020)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	fdi chinese multinationals joint ventures strategic alliances “angolan model” “package deals” technology acquisition foreign markets supplies of raw materials central africa eccas International relations JZ2-6530
spellingShingle	fdi chinese multinationals joint ventures strategic alliances “angolan model” “package deals” technology acquisition foreign markets supplies of raw materials central africa eccas International relations JZ2-6530 T. Dzaka-Kikouta What Have We Learnt of Joint Ventures in the Internationalization Process of Chinese Multinationals (MNCs)? Evidence from Central Africa
description	The purpose of this article is to analyze the specific role of joint ventures and other strategic alliances in Foreign Direct Investments (FDI) carried out by Chinese Multinationals Corporations in Central Africa. After exploring the extent to which the use of Sino‑Western joint ventures has helped Chinese firms to improve their technical and managerial skills both in domestic and foreign markets, the focus shifts to Central African countries members of the Economic Community of Central African States (ECCAS). The result is that joint ventures have become a major vehicle for Chinese multinationals firms to channel FDI, thus supporting the hypothesis that in the region under study this strategy allows them to guarantee the supply of raw materials (oil and mining products: copper, cobalt, gold, diamond,..), as part of a “package deals” linking FDI, Chinese Aid and Trade, also known as “Angolan model”; to conquer foreign markets (for technology and manufactured goods “Made in China”) and; to a lesser extent, to acquire strategic assets (brands, technological innovation, managerial skills).The commitment of Chinese stateowned MNCs through the “package deals” appears to be the keystone of stability and sustainability of Chinese FDI in Central Africa and in the continent In conclusion, the expectation is that the flow of Chinese FDI to Central Africa, should contribute to the process of sustainable development in recipient countries, provided that adequate political and economic governance is guaranteed. A pre‑requisite is to achieve institutional change, from a rent‑seeking to a developmental behavior at the state level, the result being an enhanced capacity to promote engineering potential, through the strengthening of human capital, and to negotiate transfer of technology and know‑how, with emerging countries partners, especially BRICS (Brazil, Russia, India, China and South Africa)
format	article
author	T. Dzaka-Kikouta
author_facet	T. Dzaka-Kikouta
author_sort	T. Dzaka-Kikouta
title	What Have We Learnt of Joint Ventures in the Internationalization Process of Chinese Multinationals (MNCs)? Evidence from Central Africa
title_short	What Have We Learnt of Joint Ventures in the Internationalization Process of Chinese Multinationals (MNCs)? Evidence from Central Africa
title_full	What Have We Learnt of Joint Ventures in the Internationalization Process of Chinese Multinationals (MNCs)? Evidence from Central Africa
title_fullStr	What Have We Learnt of Joint Ventures in the Internationalization Process of Chinese Multinationals (MNCs)? Evidence from Central Africa
title_full_unstemmed	What Have We Learnt of Joint Ventures in the Internationalization Process of Chinese Multinationals (MNCs)? Evidence from Central Africa
title_sort	what have we learnt of joint ventures in the internationalization process of chinese multinationals (mncs)? evidence from central africa
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2020
url	https://doaj.org/article/2ceeaefca1a2410f98fc045a234a3699
work_keys_str_mv	AT tdzakakikouta whathavewelearntofjointventuresintheinternationalizationprocessofchinesemultinationalsmncsevidencefromcentralafrica
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What Have We Learnt of Joint Ventures in the Internationalization Process of Chinese Multinationals (MNCs)? Evidence from Central Africa

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