Some analysts have concluded from case studies on Chinese and other South-East Asian exporters of operating capital that time is up for Dunning's mainstream eclectic theory of the features of capital flows and the development of the investment path. This article contributes to this debate, based on the example of Chinese capital exports. After reviewing the attributes and motives of Chinese capital exporters, in the light of the theory of international capital investment, the author investigates whether the capital exports of developing/converging countries and the appearance of ambitious transnational corporations really does call for a new theory.
Financed by the National Centre for Research and Development under grant No. SP/I/1/77065/10 by the strategic scientific research and experimental development program:
SYNAT - “Interdisciplinary System for Interactive Scientific and Scientific-Technical Information”.