Making It Rain? Comparing the Determinants of Chinese and Western FDI Flows to Africa
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2021-09
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<jats:title>Abstract</jats:title><jats:p>This paper tests whether Chinese FDI disproportionately flows to poorly governed African countries, compared to those of the West. It also explores whether UN voting alignment between home and host countries, development loans from the former to the latter, and host countries’ market size, natural resource wealth, and per capita income impact Chinese and Western FDI flows differently. It finds that governance quality among African countries plays a positive role in predicting their FDI inflows – from both Western countries and China. The only governance indicator that has a significantly lower impact on Chinese FDI than that of the West is corruption controls, and only when South Africa is excluded from the models. Even then, however, the relationship between corruption controls and Chinese FDI flows is positive in absolute terms. Beyond governance, this paper finds that UN voting alignment and development loans have a significantly larger impact on Chinese FDI than that of the West and that the opposite is true with regard to market size and per capita income.</jats:p>
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Landry, David (2021). Making It Rain? Comparing the Determinants of Chinese and Western FDI Flows to Africa. Global Policy, 12(4). pp. 468–481. 10.1111/1758-5899.12996 Retrieved from https://hdl.handle.net/10161/33522.
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David Landry
David Landry is an assistant professor of international political economy at Duke Kunshan University and a professor of the practice at Duke University. His research focuses on the political and economic determinants of China’s development finance and investment flows in the developing world, and how these in turn affect development. His academic work has been published in Energy Policy, Resources Policy, Global Policy, Oxford Development Studies, and he Journal of Chinese Economic and Business Studies, and he has authored multiple World Bank and North Atlantic Treaty Organization reports. He has also published opinion pieces in Foreign Policy, Foreign Affairs, the Financial Times, the Washington Post, and the Globe and Mail. Landry has a B.A. in international development from McGill University, an M.Sc. in global governance and diplomacy from the University of Oxford, and a Ph.D. from Johns Hopkins University School of Advanced International Studies, where he also taught international trade.
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