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|Title:||Chinese economic statecraft : a comparative study of China’s oil-backed loans in Angola and Brazil||Authors:||Alves, Ana Cristina||Keywords:||DRNTU::Social sciences::Economic development::China||Issue Date:||2013||Source:||Alves, A. C. (2013). Chinese economic statecraft : a comparative study of China’s oil-backed loans in Angola and Brazil. Journal of current Chinese affairs, 42(1), 99-130.||Series/Report no.:||Journal of current Chinese affairs||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 – 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.||URI:||https://hdl.handle.net/10356/79414
|URL:||http://journals.sub.uni-hamburg.de/giga/jcca/article/view/593||Rights:||© The Author (published by German Institute of Global and Area Studies). This paper was published in Journal of Current Chinese Affairs and is made available as an electronic reprint (preprint) with permission of German Institute of Global and Area Studies. The paper can be found at the following official URL: [http://journals.sub.uni-hamburg.de/giga/jcca/article/view/593]. One print or electronic copy may be made for personal use only. Systematic or multiple reproduction, distribution to multiple locations via electronic or other means, duplication of any material in this paper for a fee or for commercial purposes, or modification of the content of the paper is prohibited and is subject to penalties under law.||Fulltext Permission:||open||Fulltext Availability:||With Fulltext|
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Updated on May 12, 2021
Updated on May 12, 2021
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