The Political Economy of Chinese Investment in Cambodia

The Political Economy of Chinese Investment in Cambodia
Author: Chheang Vannarith
Publisher:
Total Pages: 255
Release: 2018-02-28
Genre: Cambodia
ISBN: 9789814786799

China suffers from a trust deficit in the region, and Southeast Asian countries have adopted hedging strategies, at varying degrees, aimed at diversifying their economic and strategic interests from Chinese investments and influence. Cambodia considers China as an important strategic and economic partner in providing performance legitimacy and as a countervailing force against its immediate neighbours. Cambodia's economic overdependence and power asymmetry have enabled China to exert significant political leverage over the Kingdom, especially on international issues affecting Chinas core national interest such as the South China Sea dispute. Local communities are discontented with some Chinese investment projects, especially hydropower plants and land concessions, which have infringed on labour rights and environmental protection. Given the public resentment and dynamic changes and transformations of politico-social environment in Cambodia, China needs to address the concerns and issues raised by local communities in order to sustain and enlarge its political and economic footprint. Promoting good corporate governance, as well as social and environmental responsibility, would help.

China in the Global Political Economy

China in the Global Political Economy
Author: Gordon C.K. Cheung
Publisher: Edward Elgar Publishing
Total Pages: 170
Release: 2018
Genre: China
ISBN: 1784714917

Is the US losing its economic authority to China, whose global economic identity is being determined more by entrepreneurial spirit than developmental principle? Through the exercise of soft power and hard currency in some areas of the global economy, China has clear national interest in the protection of intellectual property rights, financial integration and sovereign wealth funds. China’s Belt and Road Initiative and the Asian Infrastructure Investment Bank will set new standard to global economic development.

The political economy of Chinese investment in Cambodia

The political economy of Chinese investment in Cambodia
Author: Vannarith Chheang
Publisher:
Total Pages: 32
Release: 2017
Genre: Cambodia
ISBN: 9789814786805

China suffers from a trust deficit in the region, and Southeast Asian countries have adopted hedging strategies, at varying degrees, aimed at diversifying their economic and strategic interests from Chinese investments and influence. Cambodia considers China as an important strategic and economic partner in providing performance legitimacy and as a countervailing force against its immediate neighbours. Cambodia's economic overdependence and power asymmetry have enabled China to exert significant political leverage over the Kingdom, especially on international issues affecting China's core national interest such as the South China Sea dispute. Local communities are discontented with some Chinese investment projects, especially hydropower plants and land concessions, which have infringed on labour rights and environmental protection. Given the public resentment and dynamic changes and transformations of politico-social environment in Cambodia, China needs to address the concerns and issues raised by local communities in order to sustain and enlarge its political and economic footprint. Promoting good corporate governance, as well as social and environmental responsibility, would help.

Tax Incentives in Cambodia

Tax Incentives in Cambodia
Author: Mr.Manuk Ghazanchyan
Publisher: International Monetary Fund
Total Pages: 22
Release: 2018-03-29
Genre: Business & Economics
ISBN: 1484351541

Cambodia, like its regional peers, offers a number of tax incentives to investors. This paper reviews these incentives to assess their costs and benefits, including their likely effectiveness in attracting capital and in supporting the diversification strategy. It finds that an important incentive, the tax holiday, differs materially from practice elsewhere in offering a deferral rather than exempting from tax and may not be very effective. Moreover, other features of the tax system, such as the high withholding rate on dividends, imply relatively high effective tax rates for foreign investors. The paper discusses potential reforms that weigh revenue and other costs of tax incentives against the need for a competitive tax system, including a shift from tax holidays toward investment allowances.

The Political Economy of Regionalism, Trade, and Infrastructure

The Political Economy of Regionalism, Trade, and Infrastructure
Author: Hong Liu
Publisher: China's Belt and Road Initiati
Total Pages: 350
Release: 2021-09-25
Genre: Business & Economics
ISBN: 9789811233142

"The articles are timely, especially in view of the increasingly tense global/regional environment. The articles provide both a quantitative and qualitative angles to important questions facing our world; too many quantitative-oriented papers will not appeal to the broader audience while too many qualitative-oriented papers will not attract the attention of economists and data scientists. The articles are drawn from a diverse range of professions including academia, government, and the financial sector"--

China's Political Economy In The Xi Jinping Epoch: Domestic And Global Dimensions

China's Political Economy In The Xi Jinping Epoch: Domestic And Global Dimensions
Author: Lowell Dittmer
Publisher: World Scientific
Total Pages: 408
Release: 2021-03-17
Genre: Political Science
ISBN: 9811226598

This book takes a fresh look at Chinese political economy at a key inflection point. Facing a more competitive international environment, Chinese reform has shifted from its earlier focus on economic liberalization and political decentralization to a more tightly organized, centralized form of state socialism. The Party-state's vigorous fiscal reaction to the Global Financial Crisis (2008-2009) left the country with a much improved infrastructure and greater sense of national self-assurance. The more monocratic central leadership has redoubled efforts to fight poverty and pollution, push technological innovation, and at the same time rigorously enforce ideological consensus, political loyalty and anticorruption.This has been occurring in an international context of slowing trade and nationalist pushback against 'globalization', prominently including bilateral Chinese-American polarization. While China has been among the staunchest advocates and beneficiaries of globalization, incipient trade war 'decoupling' has spurred movement toward economic and technological self-reliance. Turning inward however vies with a rival impulse toward more vigorous engagement in the world. This is most consequentially represented by the Belt and Road Initiative, driving massive infrastructure construction through Central Asia and the South and Southeast Asian maritime periphery. Despite slowing growth and a large debt overhang, swift recovery from the Covid-19 epidemic leaves China in a relatively strong economic position.

The Political Economy of East Asia

The Political Economy of East Asia
Author: Ming Wan
Publisher: SAGE
Total Pages: 656
Release: 2007-10-17
Genre: Political Science
ISBN: 1483305325

For students of international political economy, it is hard to ignore the growth, dynamism, and global impact of East Asia. Japan and China are two of the largest economies in the world, in a region now accounting for almost 30 percent more trade than the United States, Canada, and Mexico combined. What explains this increasing wealth and burgeoning power? In his new text, Ming Wan illustrates the diverse ways that the domestic politics and policies of countries within East Asia affect the region’s production, trade, exchange rates, and development, and are in turn affected by global market forces and international institutions. Unlike most other texts on East Asian political economy that are essentially comparisons of major individual countries, Wan effectively integrates key thematic issues and country-specific examples to present a comprehensive overview of East Asia’s role in the world economy. The text first takes a comparative look at the region’s economic systems and institutions to explore their evolution—a rich and complex story that looks beyond the response to Western pressures. Later chapters are organized around close examination of production, trade, finance, and monetary relations. While featuring extended discussion of China, Japan, South Korea, and Taiwan, Wan is inclusive in his analysis, with coverage including Myanmar, Thailand, Laos, Vietnam, Cambodia, Malaysia, Singapore, Indonesia, Brunei, and the Philippines. The text is richly illustrated with more than fifty tables, figures, and maps that present the latest economic and political data to help students better visualize trends and demographics. Each chapter ends with extensive lists of suggested readings.

China's Gilded Age

China's Gilded Age
Author: Yuen Yuen Ang
Publisher: Cambridge University Press
Total Pages: 275
Release: 2020-05-28
Genre: Political Science
ISBN: 1108802389

Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of capitalism was not accompanied by the eradication of corruption, but rather by its evolution from thuggery and theft to access money. In doing so, she changes the way we think about corruption and capitalism, not only in China but around the world.

The Implications of China-Taiwan Economic Liberalization

The Implications of China-Taiwan Economic Liberalization
Author: Daniel H. Rosen
Publisher: Peterson Institute
Total Pages: 217
Release: 2011
Genre: Business & Economics
ISBN: 0881325015

China and Taiwan have built one of the most intertwined and important economic relationships in the world, and yet that relationship is not mutually open, compliant with World Trade Organization norms, or even fully institutionalized. What's more, despite massive trade and investment flows, the boundary between the two is a serious flashpoint for potential conflict. But leaders in Beijing and Taipei have committed to normalize and deepen their economic intercourse and open a new post-Cold War era in their relationship. While the political significance of this gambit has captured attention worldwide, the scope of opening intended and the bilateral, regional, and global effects likely to ensue are as yet poorly understood. This volume attempts to remedy that uncertainty with careful modeling combined with a qualitative assessment of the implications of the cross-strait economic opening now agreed in an Economic Cooperation Framework Agreement (ECFA). The study explores the implications for Taiwan and China, for their neighbors, and for the United States if this undertaking is fully implemented by 2020.

The Hungry Dragon

The Hungry Dragon
Author: Sigfrido Burgos Caceres
Publisher: Routledge
Total Pages: 192
Release: 2013
Genre: Business & Economics
ISBN: 1857436865

This book explores China’s quest for energy sources, raw materials and natural resources around the world, with a specific emphasis on oil. China’s ubiquitous presence in Africa, Asia and Latin America is reshaping the world with regards to economics, politics and national security. It offers a comprehensive examination of China’s energy security strategy. The first two chapters delve into Chinese relations with energy markets and the world, and the global geopolitics of China's resource quest. This introductory section is complemented by three in-depth country case studies: Angola, Brazil and Cambodia. The two concluding chapters cover opportunities and risks to China, and examine how strategies can be developed into tangible actions. The volume also examines a number of overlapping debates regarding the varieties of capitalisms (autocratic vs. democratic), the urgent need for rebalancing as the world undergoes global financial crises and contestations to traditional powers, and the issues surrounding natural resource extraction in the context of global governance, neoliberalism and poverty traps. Key Features · Offers an in-depth analysis on the geopolitics of China's resource quest. · Assists students and scholars in understanding the Chinese model of autocratic capitalism and China’s novel ways of securing resources across three continents. · Explains China’s energy security strategy and its implications on US national security. · Explores the links between international relations and the geopolitics of scarcity.