Bachelor thesis about the effects of Chinese FDI on Brazil´s economic development with representative case studies from Brazil´s petrochemical, - electric power transmission,- and telecommunication...Show moreBachelor thesis about the effects of Chinese FDI on Brazil´s economic development with representative case studies from Brazil´s petrochemical, - electric power transmission,- and telecommunication industry. Based on a multidisciplinary approach grounded in business, economics, public policy and political economy the hypothesis that Chinese FDI leads to deindustrialization in Brazil via (1) facilitating commodity exports through infrastructure provision and (2) incentivizing the import of manufactured Chinese goods by creating technological dependencies. Key findings include that even though Chinese investment is mostly resource-seeking and conducted by Chinese SOEs in the Brazilian energy sector, the presence of national Champions such as Eletrobras and Petrobras with high innovative capacities might still lead to technological spillovers. So, do complementary technological expertise and Brazilian capital needs. However, a conservative industrial policy paired with an expansionary fiscal policy enabled rent-seeking behavior and culminated in the Lava Jato scandal, which substantially hampered Brazilian absorptive capacities. Especially in the telecommunication sector a clear link between Chinese FDI and Brazilian deindustrialization was evident, as investment incentivized technology imports from China. Nonetheless, the outlook is mixed as academics predict a shift from resource-seeking to efficiency-, and asset-seeking investment, which has yet to materialize but might yield more positive externalities in the future.Show less
With Raúl Castro taking over as president in 2008, the country has seen economic reform. Raúl allowed for Cubans to buy cars and houses and Cubans were allowed to work for themselves as...Show moreWith Raúl Castro taking over as president in 2008, the country has seen economic reform. Raúl allowed for Cubans to buy cars and houses and Cubans were allowed to work for themselves as entrepreneurs. With these alterations in the economy the question has risen in the international community whether Cuba will transition to a free market economy. The thesis will analyse Poland and China and will compare this to Cuba in order to come to a conclusion.Show less
