Open AccessShougang Hierro Pero – China's First Investment Experience in Latin America
Author(s) -
Nikolay Nikolaevich Goryachev
Publication year - 2021
Publication title -
izvestiâ irkutskogo gosudarstvennogo universiteta. seriâ istoriâ
Language(s) - English
Resource type - Journals
ISSN - 2222-9124
DOI - 10.26516/2222-9124.2021.35.52
Subject(s) - latin americans , china , investment (military) , state (computer science) , business , economy , political science , economics , law , algorithm , politics , computer science
This paper observes the first China’s investment experience in Latin America. Coming of Chinese investors in Peru took place as a result of the ambiguous process of privatization of Peruvian state-owned enterprises. The main problems accompanying the activities of the new owners were labor relations with the local residents, and non-compliance with investment obligations. The research summarises that the origins of these problems.