1,721,188 research outputs found
Dal «Go Global» al «Global South»: l′espansione cinese nel sud del mondo
No full textIl percorso di crescita cinese è stato guidato dall’utilizzo sapiente della politica industriale, che ha dapprima trasformato la Cina in una complessa e articolata piattaforma manifatturiera a servizio dell’economia mondiale (grazie alla politica della «porta aperta» avviata da Deng Xiaoping nel 1979) e, successivamente, ha guidato le imprese cinesi in un vasto processo di globalizzazione e affermazione della propria competitività su scala planetaria (con la politica del «Go Global» annunciata da Jiang Zemin nel 2000), fino a traghettarle verso il pieno sviluppo e la leadership tecnologica (con il piano «Made in China 2025» di Xi Jinping)
The international expansion of Russian enterprises. Looking at Italiantargets
No full textInvestment activity by Russian enterprises is a relatively recent phenomenon that is meeting with mounting interest among analysts and researchers, as has occurred for the other emerging economies. Brazil, Russia, India and China - the so-called "BRIC" nations - are affirming themselves at the international level for their ability to invest considerable resources in both developing countries and industrialized economies (Sauvant, 2005; 2008; Ramamurti R., Singh, 2009; Goldstein, 2009). For these nations, foreign direct investment (FDI) represents a fundamental means of achieving economic growth as well as political affirmation at the global level. FDI allows highly accelerated, and often unbalanced, growth processes to be adjusted at the national level. At the same time, individual enterprises, particularly through acquisitions, enjoy access to energy sources and commodities, advanced technologies, brands, skills, know-how and distribution channels to be used to expand and conquer new markets, including in the West (Sauvant, 2005; Spigarelli, 2009).
Some aspects make the case of Russia wholly dissimilar to the experiences of the other BRIC nations (Panibratov, Kalotay, 2009). Investors are limited in number and belong to large groups that are either state-owned or the result of privatization after the fall of the Empire. Each transaction involves enormous financial resources. In addition, the main area of interest is the primary sector, and specifically oil, natural gas, metallurgy and electricity (Kalotay, 2008).
This paper aims to analyze the primary characteristics of the phenomenon, with a specific focus on the Italian scenario. The goal is to investigate the intensity of Russian FDI, the main players and the underlying motivations. The work is part of a larger research project aimed at comparing the investment activity of BRIC nations in the West and identifying their distinctive traits so as to arrive at a possible key to interpreting the phenomenon in the context of international investment theory (Buckley, 2002) and to understand its consequences in the fields of economics and industrial policy (Spigarelli, 2009). As mentioned above, special attention is devoted to the Italian economy : the passive internationalization generated by emerging economies creates interesting research opportunities and raises questions, some of which relate to the possible impact on its avenues of development, the ongoing transformation of industrial districts and the processes of reconfiguring knowledge and allocating value at the local level.
This study represents an initial exploratory analysis of the case of Russia that aims to answer several questions that in turn ought to provide further stimulus for research activity: what are the aspects, critical issues and prospects currently associated with the investment flows and transactions undertaken by Russian enterprises at the global level? As compared to global trends, do the initiatives in Italy show any peculiarities in terms of the sectors involved, the underlying motivations and the modes of entry? Is their impact on the Italian economy relevant, particularly in prospective terms, and in which sectors is it most critical?
The methodology of analysis employed is of the descriptive type owing to the limited availability of up-to-date, reliable data series. The foreign investment phenomenon is new and statistical surveying systems have only recently been revamped by the Federation. Accordingly, sophisticated, broad analyses are not possible.
The first part of the study places Russian investment activity in the context of foreign direct investment theories. The second part initially examines the main channels of Russian FDI at the global level through a review of both flow and stock figures and the most significant greenfield and non-greenfield transactions undertaken. In addition, the strategic goals pursued by Federation operators are then analyzed. Finally, the paper discusses the Italian scenario, commenting on FDI trends at the sector and regional level, followed by an examination of specific cases of investment through the acquisition or incorporation of new business assets. The analysis ends with some general considerations
Panel scientifico “Europe-China Integration: Challenges, Opportunities, Gaps", Academy of International Business, Southeast USA Chapter 2012 Annual Conference, Fort Laudardale, US, 2012 (Responsabile e Coordinatore Scientifico)
No full textResponsabile e coordinatore Scientifico di Panel.
Europe and China are more and more integrated. From a trade perspective, China and the EU form the second-largest economic cooperation in the world. In a short timeframe, the two economies have integrated to a point where it is difficult to imagine one without the other. China is the first import partner and the second export destionation for EU goods. China has become the fastest growing market for European exports.
Considering FDIs, Europe is experiencing a structural surge in outbound direct investment in advanced economies by Chinese firms. At the same time, EU ́s 27 Member States together are one of the top 5 FDI providers to China.
Ties are growing even in the light of the Euro-crisis and of the role of China as financial investor. During the third EU-China High-level Strategic Dialogue (held in Beijing last July), China reaffirmed its support for European integration, Europe’s efforts to solve its debt crisis, and the stability of the euro zone.
The panel on Europe-China integration: challenges, opportunities, gaps intends to explore the level of integration reached so far between China and Europe, in the economic, institutional and legal fields. Discussion among panelists will face the following areas: trade integration, foreign direct investments, sovereign debt and financial crisis. The panel will also analyze the role of institutions and cooperation/industrial policies in the development of a more strengthened partership. Legal issues will be faced as well, to understand the legal environment and find out gaps and obstacles to overcome to enhance the cooperation, mostly at firm level
Convegno nazionale "Italia e Cina: integrazione tra economia, diritto ed impresa. Alla ricerca di un linguaggio comune"
No full textResponsabile scientifico e coordinator
Gli investimenti diretti esteri della Federazione Russa
Full text linkGli investimenti diretti all’estero stanno caratterizzando l’espansione internazionale di molte economie emergenti, che fanno leva su di essi per affermarsi rapidamente a livello economico e politico globale.
La Russia è uno dei protagonisti in questo scenario. Essa si contraddistingue sia per il fatto che le imprese investitrici all’estero sono poche ed operanti tipicamente nel settore primario, sia per la portata finanziaria delle singole iniziative. Il lavoro propone un’analisi delle principali caratteristiche del fenomeno, a livello globale, europeo ed italiano: direttrici degli investimenti, trend principali, protagonisti e motivazioni strategiche sottostanti. Alcune riflessioni di sintesi su criticità e prospettive del processo di internazionalizzazione dell’economia russa chiudono il contribut
Convegno Scientifico: La nuova normativa sulla Sicurezza Alimentare in Cina: vincoli ed opportunità per le imprese italiane
No full textResponsabile scientifico e coordinatore del convegn
Seminario tecnico Internazionale: “Aspetti legali e quadro normativo nei rapporti di partenariato”. Seminario tecnico organizzato, su delega della Regione Marche, nell’ambito della XXI edizione della task force italo-russa sui distretti industriali e le PMI, ottobre 2012
No full textResponsabile scientifico e coordinator
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