This event will take place on the 18th of September, 16.00-18.00, Council Room, Faculty of Sociology and Social Work (Schitu Măgureanu. nr.9), sector 5, Bucharest.
Xavier Richet is professor of economics emeritus at the University Sorbonne Nouvelle (www.univ-paris3/ICEE) and co-founder and coordinator of the BRIC Seminar at the Fondation Maison des Sciences de l’Homme in Paris (www.brics.hypotheses.org)
Holder of a Jean Monnet Chair in European Integration, he is a specialist in comparative analysis of economic systems, in the transition of former socialist economies into market economies, in the study of emerging economies, in particular China.
He is interested in Chinese foreign direct investment, in the internationalisation of Chinese firms, particularly in the Europe-28, and in the analysis of the 16+1 Format associated with China and 16 European countries, new members or acceding to the European Union.
Chinese Foreign Direct Investment in the EU and the Transformation of Global Value Chains – Issues addressed:
- FDI from emerging countries: catching up and technological breakthrough or hierarchization in the new globalization? See US/China on technology issue (Made in China 2025);
- Integration in regional / global value chains near emission centers and / or creation of value chains around Chinese firms: Great Wall in Bulgaria, Haier, Huawei in Europe-15;
- Conquest of new markets in developed economies and / or acquisition of technology for competitive positioning (Geely), search for monopoly position on domestic markets (Sygmenta);
- Deepening cooperation with partners to reach new markets (nuclear plant in the UK with EDF);
- Multiplicity of objectives: Chinese hegemon? « Going global », opportunities (after the crisis), the Belt and Road Initiative;
- Multiplicity of financing means: “political banks”, commercial banks, self-financing, leverage conglomerates, looking for sovereign loans in Balkan (EIB/EBRD);
- EU vs. EU: EU less regulated, less hostile? See recent statement of Germany, Italy, French gct about chinese take overs in sensible indsutries;
- 1+16: Looking for influence in the « EU courtyard » …or springboard to reach the EU-15;
- The «Leninist drive »: markets for overcapacities (infrastructures).