An Exploration of Chinese Foreign Direct Investment in Africa from Ethical and Cultural Perspectives

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Foreign Direct Investment in Africa from Ethical and Cultural Perspectives</title> <meta name="description" content="An Exploration of Chinese Foreign Direct Investment in Africa from Ethical and Cultural Perspectives"> <meta name="keywords" content="Foreign Direct Investment, Ethics, National Culture, China, Africa."> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <meta name="citation_title" content="An Exploration of Chinese Foreign Direct Investment in Africa from Ethical and Cultural Perspectives"> <meta name="citation_author" content="Yongsheng Guo"> <meta name="citation_author" content="Mirza Muhammad Naseer"> <meta name="citation_author" content="Xiaoxian Zhu"> <meta name="citation_publication_date" content="2024/01/29"> <meta name="citation_journal_title" content="International Journal of Economics and Management Engineering"> <meta name="citation_volume" content="18"> <meta 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class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/search?q=Yongsheng%20Guo">Yongsheng Guo</a>, <a href="https://publications.waset.org/search?q=Mirza%20Muhammad%20Naseer"> Mirza Muhammad Naseer</a>, <a href="https://publications.waset.org/search?q=Xiaoxian%20Zhu"> Xiaoxian Zhu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> <p>This study explores the perceptions and conducts of Chinese foreign direct investment (FDI) in Africa from ethical and cultural perspectives. It offers a better understanding of how ethical and cultural factors affect Chinese investment in Africa and how the investment projects performed in Africa from both Chinese investors and African stakeholders’ perceptions. It adopted a grounded theory approach and conducted 30 in-depth interviews with corporate managers. Grounded theory models are developed to link the ethical and cultural factors, actions, and consequences. Results reveal that some ethical concepts like the unity of humans and nature, benevolence, virtue and responsibility, and cultural traits including propriety, righteousness, sincerity, equilibrium, long-term orientation, and principles affect Chinese investors when making investments in Africa. Most Chinese investors harmonize with local managers, cooperate with each other, and are gentle and courteous to partners. They take stable and steady actions and invest in infrastructure and agriculture projects and adopt a virtue governance system in the organization. This study finds that consequently, Chinese investors and local partners take complementary advantages, make achievements sequentially, and therefore both sides can win. They recognize great potentials and make sustainable development in Africa to achieve the Great Together in the future. This study proposes a Chinese ethics and governance system including economic, social, and political perspectives and compares it with alternative systems. It makes implications to the world island theory and propose suggestions to solve the Clash of Civilizations problem.</p> <iframe src="https://publications.waset.org/10013484.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/search?q=Foreign%20Direct%20Investment" title="Foreign Direct Investment">Foreign Direct Investment</a>, <a href="https://publications.waset.org/search?q=Ethics" title=" Ethics"> Ethics</a>, <a href="https://publications.waset.org/search?q=National%20Culture" title=" National Culture"> National Culture</a>, <a href="https://publications.waset.org/search?q=China" title=" China"> China</a>, <a href="https://publications.waset.org/search?q=Africa." title=" Africa."> Africa.</a> </p> <a href="https://publications.waset.org/10013484/an-exploration-of-chinese-foreign-direct-investment-in-africa-from-ethical-and-cultural-perspectives" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/10013484/apa" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">APA</a> <a href="https://publications.waset.org/10013484/bibtex" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">BibTeX</a> <a href="https://publications.waset.org/10013484/chicago" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Chicago</a> <a href="https://publications.waset.org/10013484/endnote" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">EndNote</a> <a href="https://publications.waset.org/10013484/harvard" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Harvard</a> <a href="https://publications.waset.org/10013484/json" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">JSON</a> <a href="https://publications.waset.org/10013484/mla" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">MLA</a> <a href="https://publications.waset.org/10013484/ris" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">RIS</a> <a href="https://publications.waset.org/10013484/xml" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">XML</a> <a href="https://publications.waset.org/10013484/iso690" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">ISO 690</a> <a href="https://publications.waset.org/10013484.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">232</span> </span> <p class="card-text"><strong>References:</strong></p> <br>[1] Jason Mitchell, J., What will Africa’s FDI environment look like in 2030? 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An Exploration of Chinese Foreign Direct Investment in Africa from Ethical and Cultural Perspectives