Current problems of Europe

Foreign direct investment of China in the BRICS countries through the lens of global political economy

Сенюк Н.Ю.

Seniuk Ninel Yurievna – Ph.D. in Economics, Associate Professor, Faculty of World Economy and International Affairs, National Research University «Higher School of Economics».


The article is devoted to the analysis of theoretical and methodological problems associated with the transformative impact of foreign direct investment (FDI) on the global political-economic landscape and international relations within the framework of the so-called synthetic approach. Prefacing the study with a brief description of the main models for describing the processes of international capital movement, the author examines the results of the analysis within the framework of global political economy, which allows to paint a multi-layered picture of the global redistribution of power and capital in the emerging new geo-economic, geopolitical and – in a broader sense – geo-civilizational reality. The application of the theoretical and methodological capabilities of this approach to the analysis of empirical data on China’s participation in international capital flows in the BRICS countries allows us to show the asymmetrical nature of its investment interaction with the economies of partner states. This situation requires the implementation of practical steps to harmonize the transformative impact of Chinese FDI at each level of their perception in recipient countries and to eliminate asymmetries through the compensatory political and civilizational-cultural influence that the PRC carries out within the framework of its concept of a «community of common destiny». At the same time, an analysis of the dynamic trends in investment interaction between China and the BRICS countries indicates an increase in mutual investment imbalances, which points to a desire of the PRC to dominate not only in the geo-economic and geopolitical fields, but also in the civilizational-cultural and geostrategic spheres. Further expansion of the space for investment interaction through the accession of new participating countries in the BRICS+ format from January 1, 2024 will undoubtedly strengthen the global infrastructure and economic potential of the PRC, but at the same time it will contribute to the co-development of other partner countries.


China, BRICS, BRICS+, global political economy, FDI, OFDI, international capital movement, neorealism, neoliberalism, neo-Marxism, critical institutionalism.

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