Governing State Capitalism and Overseas Expansion:A Comparative Study of Chinese and Indian National Oil Companies
This paper characterizes the key features of state-capital interaction in two major emerging economies: China and India, and examines how such interaction influences the global expansion strategies of national oil companies (NOCs) from these two countries.A more mercantilist Chinese state plus Chinas competitive reguhtory structure and fragmented bureaucracy creates intense competition among Chinese NOCs both domestically and internationally for commercial gains, resulting in faster and more expansive global expansion since the 1990s.In contrast, the Indian state prefers an indirect role in managing strategic economic assets and has been less assertive in forging political alignment with its NOCs both domestically and internationally.Thus, more riskaverse Indian NOCs have achieved much slower and geographically more limited overseas expansion.NOCs gbbal expansion is more effective when 1) the states geopolitical ambitions are better aligned with commercial interests of NOCs; 2) political mechanisms are established to coordinate NOCs international business strategy.
ZHANG Xin
East China Normal University
国际会议
The 1st Chinese Conference on Comparative Political Economy (第一届比较政治经济学国际学术会议)
北京
英文
85-107
2013-09-08（万方平台首次上网日期，不代表论文的发表时间）