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首页> 外文期刊>Journal of neurosurgical sciences >Tracing the Legacy: China's Historical Aid and Contemporary Investment in Africa
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Tracing the Legacy: China's Historical Aid and Contemporary Investment in Africa

机译:追查遗产:中国在非洲的历史援助和当代投资

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摘要

In this article we depart from the classic model of foreign direct investment (FDI) determinants and examine the effect of sociohistorical factors on FDI. We argue that past foreign aid projects confer social capital that constitutes specific resources available to investors in the present, increasing their preferences for host countries in which their home country has accumulated more social capital. We use new data on China's historical aid in Africa to test these contentions, uncovering a positive, significant connection between China's historical aid program in Africa (1956-1999) and contemporary (2000-2015) investments by Chinese companies. While China's historical aid may have been politically driven, it has had important long-term consequences for its commercial investors. More broadly, these findings suggest a sociohistorical explanation of the puzzle of why Chinese foreign investments deviate from conventional FDI patterns.
机译:在本文中,我们从外国直接投资(FDI)决定因素的经典模型中出发,并研究了社会潮流因素对FDI的影响。 我们认为,过去的外援项目赋予社会资本,该资本构成了本目前投资者可用的特定资源,增加了对其本国积累更多社会资本的东道国的偏好。 我们利用中国在非洲的历史援助中的新数据来测试这些争论,揭示中国在非洲(1956-1999)和当代(2000-2015)由中国公司投资的积极援助计划之间的积极态度。 虽然中国的历史援助可能在政治上推动,但它对其商业投资者来说具有重要的长期后果。 更广泛地,这些调查结果表明,对中国外国投资偏离传统的外国直接投资模式的为何的难题的社会逻辑学解释。

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