Introduction

Amineh, Mehdi Parvizi; Guang, Yang

doi:10.1163/15691497-12341316

Cited by 7 publications

(2 citation statements)

References 44 publications

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“…more than 50.01% or even full ownershipreflect a control strategy. Such controlling orientations are more likely to be associated with geo-economic and geopolitical ambitions, especially if they include strategic sectors such as oil or energy in general (Amineh & Guang, 2014). Utilizing these distinctions in ownership levels allows us to probe the strategies of states when they rise as owners within transnational capitalism.…”

Section: Transnational Ownership Tiesmentioning

confidence: 99%

The rise of transnational state capital: state-led foreign investment in the 21st century

Babić

Garcia‐Bernardo

Heemskerk

2019

Review of International Political Economy

108

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Cross-border state-led investment is a recently rising, but understudied phenomenon of the global political economy. Existing research employs an anecdotal and case-oriented perspective that does not engage in a systemic, large-scale analysis of this rise of transnational state investment and its consequences for the transformation of state power in 21st century capitalism. We take a first step at filling this gap and offer two original contributions: Conceptually, we operationalize transnational foreign state-led investment on the basis of weighted ownership ties. These state capital ties are created by states as investors in corporations around the world. Empirically, we demonstrate our approach by setting up and analyzing the largest dataset on transnational state capital up to date. We show which different outward strategies states as owners employ and classify states according to their relative positions within the global network of transnational state capital. Our results illustrate a crucial aspect of the ongoing transformation of state power and sovereignty within globalization and we demonstrate how a careful and data-driven approach is able to identify different pathways and dimensions of this transformation.

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Section: Transnational Ownership Tiesmentioning

confidence: 99%

The rise of transnational state capital: state-led foreign investment in the 21st century

Babić

Garcia‐Bernardo

Heemskerk

2019

Review of International Political Economy

108

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“…Among them, some scholars point out that the NOCs have acquired operational autonomy and they could exert influences on energy policy formulation indirectly and potentially through their advisory and technology capacity (Monique, 2012). Amineh and Yang (2014) demonstrate that the NOCs must maintain a balance between the corporate interests, on the one hand, and commitments to party-state interests, on the other. The third body of literature has centred on the government-NOCs interactions.…”

Section: A Brief Review Of the Relationship Between The Government And The Nocsmentioning

confidence: 96%

China’s Oil Security in the Context of Energy Revolution: Changes in Risks and the Hedging Mechanism

Xie¹

2021

AJIBM

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Does China's energy revolution strengthen or weaken its oil security? This study analyzes how the energy revolution influences China's oil security by exploring the changes in risks and the hedging mechanism. China proposed the energy revolution in 2014, committed to carbon peak by 2030 and carbon neutrality by 2060, aiming to accelerate its energy transition. Meanwhile, China has a high oil import dependency due to its rapid economic development and lack of domestic oil resources, which challenges its oil security. The government and the national oil companies (NOCs) are the main actors to ensure China's oil supply. Based on the interactions between the government and the NOCs, the overseas oil investments and the domestic oil production and strategic petroleum reserves, together with the maritime oil transportation and continental pipelines, provide alternatives for China's oil supply in general and in wartime in particular, thus forming the hedging mechanism for China's oil security. Notably, the energy revolution alters the way energy and geopolitics interact, and the development of renewables in China and other states in the world mitigates geopolitical risks by making China and the world less dependent on unstable oil production regions. Lastly, the energy revolution triggers changes in the hedging mechanism for China's oil security due to the buildup of oil reserves including the commercial oil reserves, the arduous development of domestic oil output, and the drop in overseas oil investments but increase in foreign renewables investments. And thus, China's oil security and its capabilities to respond to potential oil supply interruptions have changed accordingly. This paper not only contributes to understanding China's oil security in the context of the energy revolution by analyzing the changes in the hedging mechanism, but also stimulates thinking about the impacts of the energy transition on fossil energy security.

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States versus Corporations: Rethinking the Power of Business in International Politics

Babić

Fichtner

Heemskerk

2017

The International Spectator

112

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Over 25 years ago, Susan Strange urged IR scholars to include multinational corporations in their analysis. Within IR and IPE discussions, this was either mostly ignored or reflected in an empirically and methodologically unsatisfactory way. We reiterate Strange's call by sketching a fine-grained theoretical and empirical approach that includes both states and corporations as juxtaposed actors that interact in transnational networks inherent to the contemporary international political economy. This realistic, juxtaposed, actorand relations-centred perspective on state and corporate power in the global system is empirically illustrated by the example of the transnationalisation of state ownership.

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Introduction

Cited by 7 publications

References 44 publications

The rise of transnational state capital: state-led foreign investment in the 21st century

The rise of transnational state capital: state-led foreign investment in the 21st century

China’s Oil Security in the Context of Energy Revolution: Changes in Risks and the Hedging Mechanism

States versus Corporations: Rethinking the Power of Business in International Politics

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