Anastasia Ufimtseva is a PhD student at the Balsillie School of International Affairs (Wilfrid Laurier University). Her research focuses on China’s economic engagement with resource rich countries. Anastasia obtained her BA degree in Political Science with International Relations (Honours) at the University of British Columbia (UBC). Her Bachelor’s thesis explored the role played by the domestic institutions in mitigation of the resource curse. Anastasia completed a MA degree in Political Science with a focus on International Political Economy at the University of Waterloo. Her Master’s work focused on the extrinsic aspect of the resource course, where she analyzed strategies employed by the international actors to gain access to natural resources in developing countries.
“Chinese Outward Foreign Direct Investment in the Oil Sector and Russia’s Sustainable Socioeconomic Development”
China is at the forefront in forging the Asian century as it became one of the largest international investors and is currently the largest energy consumer. This paper will examine the impact of Chinese outward foreign direct investment (OFDI) on socioeconomic development of the recipient countries. Specifically, the paper will focus on Chinese OFDI in Russia’s oil sector. China is becoming a dominant player in Russia’s energy sector and correspondingly provides Russia with investment and ‘resources-for-infrastructure’ deals. Scholars have examined the impact of these deals in Africa and Latin America, yet Russia has received relatively scant attention. This paper will draw insights from global political economy and literature on the resource curse to answer the following question: how does Chinese OFDI in Russia’s oil sector affect Russian socioeconomic development? An answer to this question will have significant implications for the future strategies of Chinese and Russian oil corporations and their respective governments.
The paper will engage in qualitative conventional study by employing process-tracing method and content analysis to explore causal mechanisms that link Chinese OFDI with Russia’s socioeconomic development. To examine the nature of this relationship, the paper will rely on both qualitative and quantitative data by analyzing legal documents, investment and trade statistics, available corporate agreements, and media reports.