IDEAS home Printed from https://ideas.repec.org/a/taf/rripxx/v22y2015i6p1159-1187.html
   My bibliography  Save this article

Oil and state capitalism: government-firm coopetition in China and India

Author

Listed:
  • Jonas Meckling
  • Bo Kong
  • Tanvi Madan

Abstract

This paper examines the domestic sources of the internationalization of national oil companies (NOCs) in China and India. It argues that -- counter to notions of state-led internationalization -- the going abroad of NOCs reflects a pattern of ‘coopetition,’ i.e., the co-existence of cooperation and conflict between increasingly entrepreneurial NOCs and partially supportive and interventionist home governments. In China, the state has predominantly assumed the role of resource supplier , rarely stepping in as a veto player . In India, the NOC--government relationship has been more adversarial, with the state intervening more often as a veto player than its Chinese counterpart and only slowly emerging as a resource supplier . These patterns of internationalization can be explained by how two major trends have been playing out in the two countries: (1) the marketization of NOCs, and (2) the reform of the governance of overseas investments. The findings matter to theory and policy. First, they unpack the relational dynamics of business--government relations in hybrid models of capitalism beyond notions of top-down and bottom-up dynamics. Second, our analysis shows that the state intervenes in the international energy strategies of emerging economies as the occasional veto player rather than actively leveraging NOC internationalization for geopolitical goals.

Suggested Citation

  • Jonas Meckling & Bo Kong & Tanvi Madan, 2015. "Oil and state capitalism: government-firm coopetition in China and India," Review of International Political Economy, Taylor & Francis Journals, vol. 22(6), pages 1159-1187, December.
  • Handle: RePEc:taf:rripxx:v:22:y:2015:i:6:p:1159-1187
    DOI: 10.1080/09692290.2015.1089303
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09692290.2015.1089303
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/09692290.2015.1089303?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Economy, Elizabeth & Levi, Michael, 2014. "By All Means Necessary: How China's Resource Quest is Changing the World," OUP Catalogue, Oxford University Press, number 9780199921782.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Locatelli, C., 2018. "La confrontation des systèmes institutionnels nationaux dans l'interdépendance : les échanges gaziers UE-Russie," Working Papers 2018-03, Grenoble Applied Economics Laboratory (GAEL).
    2. Catherine Locatelli, 2018. "La confrontation des systèmes institutionnels nationaux dans l'interdépendance : les échanges gaziers UE-Russie," Working Papers hal-01715932, HAL.
    3. Catherine Locatelli & Mehdi Abbas, 2022. "China-Russia energy interdependence and the hybridization of the governance of international hydrocarbon markets [L'interdépendance énergétique Chine-Russie et l'hybridation des institutions de gou," Post-Print hal-04297005, HAL.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Carsten Hefeker & Sebastian G. Kessing, 2017. "Competition for natural resources and the hold-up problem," Canadian Journal of Economics, Canadian Economics Association, vol. 50(3), pages 871-888, August.
    2. Sebastian Purwins, 2023. "Same Same, but Different: Ghana’s Sinohydro Deal as Evolved ‘Angola Model’?," Insight on Africa, , vol. 15(1), pages 46-70, January.
    3. Tom Goodfellow & Zhengli Huang, 2021. "Contingent infrastructure and the dilution of ‘Chineseness’: Reframing roads and rail in Kampala and Addis Ababa," Environment and Planning A, , vol. 53(4), pages 655-674, June.
    4. Claudio-Quiroga, Gloria & Gil-Alana, Luis A. & Maiza-Larrarte, Andoni, 2023. "Mineral prices persistence and the development of a new energy vehicle industry in China: A fractional integration approach," Resources Policy, Elsevier, vol. 82(C).
    5. Madina O. Turaeva & Svetlana P. Glinkina & Artem A. Yakovlev, 2018. "Channels of Chinese Capital Penetration to the Central Asian Countries within the Framework of the Belt and Road Initiative," Journal of New Economy, Ural State University of Economics, vol. 19(4), pages 64-78, August.
    6. Michael Fabinyi & Neng Liu, 2016. "The Social Context of the Chinese Food System: An Ethnographic Study of the Beijing Seafood Market," Sustainability, MDPI, vol. 8(3), pages 1-17, March.
    7. Daniel Goodkind, 2017. "The Astonishing Population Averted by China’s Birth Restrictions: Estimates, Nightmares, and Reprogrammed Ambitions," Demography, Springer;Population Association of America (PAA), vol. 54(4), pages 1375-1400, August.
    8. Gooch, Elizabeth & Gale, Fred, 2018. "China’s Foreign Agriculture Investments," Economic Information Bulletin 276237, United States Department of Agriculture, Economic Research Service.
    9. Esmail, Nafeesa & Wintle, Bonnie & Rolfe, Michael 't Sas & Athanas, Andrea & Beale, Colin & Bending, Zara & Dai, Ran & Fabinyi, Michael & Gluszek, Sarah & Haenlein, Cathy, 2019. "Emerging illegal wildlife trade issues: a global horizon scan," SocArXiv b5azx, Center for Open Science.
    10. Dollar, David, 2017. "United States-China two-way direct investment: Opportunities and challenges," Journal of Asian Economics, Elsevier, vol. 50(C), pages 14-26.
    11. Anjan Kumar Sahu, 2021. "From the Climate Change Threat to the Securitisation of Development: An Analysis of China," China Report, , vol. 57(2), pages 192-209, May.
    12. Turner, Grant, 2018. "Establishing a comprehensive census of undergraduate economics curricula:Foundational and special requirements for major programs in the U.S," MPRA Paper 103235, University Library of Munich, Germany.
    13. Ben Zhe Wang & Zhiming Cheng, 2017. "Environmental Perceptions, Happiness and Pro-environmental Actions in China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(1), pages 357-375, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rripxx:v:22:y:2015:i:6:p:1159-1187. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rrip20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.