학술논문

The Wind from the East: China and European Economic Development.
Document Type
Article
Source
Development & Change. Sep2021, Vol. 52 Issue 5, p1047-1065. 19p.
Subject
*ECONOMIC development
*CHINESE corporations
*BELT & Road Initiative
*ECONOMIC impact
Language
ISSN
0012-155X
Abstract
In recent years Europe has become a primary focus for Chinese investment. In the context of the rolling out of Chinese government plans such as its Belt and Road Initiative and 'Made in China 2025' industrial strategy, and the fact that many Chinese companies are either controlled or influenced by the Communist Party, major consequences for Europe's economic development — and its social, political and geopolitical corollaries — are now in train. The analyses presented in this special issue significantly advance our understanding of the dynamics and consequences of China's deepening economic engagements in Europe. They do so particularly in relation to the contentious issues surrounding corporate acquisitions by Chinese companies, the security problems associated with some investments and the impact of China's investment finance. This introductory article offers an institutional framework for comprehending the other articles that constitute the special issue and provides summaries of their contents. Additionally, it provides an assessment of how the special issue's contribution advances our understanding of China's externalization and its implications for European economic development. [ABSTRACT FROM AUTHOR]