The Role of Local Actors in the Implementation of the Belt and Road Initiative: the Example of the Italian Port System

Cristian Luise (), Peter J. Buckley (), Hinrich Voss (), Emmanuella Plakoyiannaki () and Elisa Barbieri
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Cristian Luise: Dept. of Management, Università Ca' Foscari Venice
Peter J. Buckley: Centre for International Business, Leeds University Business School
Hinrich Voss: Department of International Business, HEC Montreal
Emmanuella Plakoyiannaki: Faculty of Business, Economics and Statistics, University of Vienna

No 7, Working Papers from Venice School of Management - Department of Management, Università Ca' Foscari Venezia

Abstract: Infrastructural assets are vital for a country’s economic and social development. Governments typically provide the regulation and administration of these assets, while multinational enterprises (MNEs) develop, construct, finance, and operate them. The Belt and Road Initiative (BRI) promises infrastructure projects that deliver economic and social benefit for both the host country and the MNE. We argue that BRI objectives and project scope are kept in check in the host country through an existing nexus of property rights. Chinese investors need to understand the bargaining position and property rights actors across multiple levels, across space, and be mindful of changes over time when negotiating for an infrastructure investment. We interrogate four case studies of Chinese investment negotiations in Italian ports to explore the conceptual framework and to examine how the negotiation process evolved following BRI.

Keywords: Belt and Road Initiative; infrastructure; FDI policy; emerging market multinationals; contract theory; Italy; ports; case study. (search for similar items in EconPapers)
JEL-codes: F23 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2021-08
New Economics Papers: this item is included in nep-int, nep-isf, nep-ppm and nep-ure
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