Chinese OFDI in Venezuela (2000-2017). Conditions, Challenges and Policy Proposals
Chinese OFDI in Venezuela (2000-2017). Conditions, Challenges and Policy Proposals
Carlos Eduardo Piña
The relationship between the People’s Republic of China and Venezuela has been one of the most dynamic alliances that the Asian nation has had with a Latin American country since it began implementing its global opening strategy in the year 2000. The confluence of foreign policy views, both countries’ need to diversify energy markets, and the possibility of increasing largescale commercial exchanges set in motion the establishment of a unique cooperation model in Latin America.
The Chinese-Venezuelan alliance has fostered numerous studies exploring the scope of the loans which the Asian nation has made to Venezuela. But studies of outbound foreign direct investment (ofdi) from China to this South American country have not been as abundant, suggesting an academic void on the topic.
The purpose of this article is to analyze the impact of the outflows of foreign direct investment from China to Venezuela between 2000-2017, as well as collaborate with the efforts made by the Chinese-alc Academic Network regarding the collection of data on transactions made between 2000 and 2017.
This chapter first aims to describe the most important aspects of the relationship between China and Venezuela since Hugo Chávez came to power in 1999. The impact of China’s outbound foreign direct investment on Venezuelan economy is then analyzed, using figures provided by the ofdi Monitor and other official sources. Finally, the third chapter provides a series of conclusions and policy suggestions with the aim of suggesting improvements in the de cision-making process for public policies.
Fuente: Carlos Eduardo Piña: “Chinese OFDI in Venezuela (2000-2017). Conditions, Challenges and Policy Proposals”, en Enrique Dussel Peters (Coord.). China’s Foreign Direct Investment in Latin America and the Caribbean. Conditions and Challenges. México, D.F., Universidad Nacional Autónoma de México, 2019, pp. 211-229.