Chinese FDI in the EU and the US Simple Rules for Turbulent Times
This book examines the evolving economic relationship between China and the West, in particular investment regimes and climates. How do their economic models differ, how do they interact, and what does it mean for growth and economic freedom? In rec
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t i m w e n n ige s wa lt e r l oh m a n
Chinese FDI in the EU and the US
Tim Wenniges • Walter Lohman Editors
Chinese FDI in the EU and the US Simple Rules for Turbulent Times
Editors Tim Wenniges SUEDWESTMETALL – Employers’ Association of the Metal and Electrical Industry of Baden-Wuerttemberg Stuttgart, Germany
Walter Lohman The Heritage Foundation Washington, DC, USA
ISBN 978-981-13-6070-1 ISBN 978-981-13-6071-8 (eBook) https://doi.org/10.1007/978-981-13-6071-8 Library of Congress Control Number: 2019932977 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Singapore Pte Ltd. 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Preface
In a 2012 Harvard Business Review article previewing their subsequent book, Simple Rules: How to Survive in a Complex World, management gurus Donald Sull and Kathleen M. Eisenhardt suggest a set of rules to bridge between a company’s strategy and its execution. Although written with business management in mind, it is a concept with important application to international economic interaction—in particular, the West’s relationship with China. We will let the reader deduce from the readings that follow what these rules should entail. For our part, we would like to lay out what we think the strategic objectives of Europe-US economic engagement with China should be and point the reader to where he might find the rules to govern them. As we see it, there are four objectives that should guide the relationship: 1. Maximize China’s positive contributions to our own national economies, and by extension, the global economy. China is simply too big
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