Professor Min Ye | The Chinese and Asian Political Economies

<p><strong>Topics Discussed and Key Points:</strong></p><p>●      The evolution of China’s outbound foreign direct investment</p><p>●      Is China’s outbound FDI being used primarily for political or economic reasons?</p><p>●      Where outbound FDI is headed in the next five years</p><p>●      Differences between China’s bilateral and multilateral free trade agreements</p><p>●      How partner nations have changed their approach to China over the years</p><p>●      The future of the Belt and Road Initiative</p><p>●      How U.S-China relations will evolve under the Biden administration</p><p>●      Where opportunities for the U.S. to collaborate with China lie</p><p><strong> </strong></p><p><strong>Episode Summary:</strong></p><p>Today on The Negotiation, we speak with Professor Min Ye, an author and an Associate Professor of International Relations at the Frederick S. Pardee School of Global Studies at Boston University. Her expertise includes Chinese political economy, China and India comparison, East Asian international relations, and globalization with focuses on transnational immigration and foreign investment.</p><p>Min Ye gives a broad overview of how globalization, state capitalism, and outbound foreign direct investment have evolved in China in the last few decades. She describes China as a “latecomer economy in Asia”. When the country opened itself to doing business internationally in the late 1970s, it embraced outbound FDI because it had to fast-track its technology and manufacturing sectors and make exports earn foreign exchange as quickly as possible.</p><p>Due to the COVID-19 crisis, alongside shaky U.S.-China relations, outbound FDI may see a change in strategy to adapt to the reorganization of global supply chains. Also, there will be a greater focus placed on China’s digital, health, and ecological sectors.</p><p>With regard to free trade agreements of any kind, Min Ye explains that China will always take the most pragmatic approach that is conducive toward globalization. “It depends,