What does this research mean for the field?

Chinese Sovereign Wealth Funds in Latin America and the Caribbean function not merely as financial investors but as instruments of state-led internationalization that operate at the intersection of commercial and policy-driven logics. Novelty: ClaimNovelty.CONTRADICTORY. Consensus alignment: ConsensusAlignment.CHALLENGES_CONSENSUS.

What question did this study set out to answer?

To assess whether Chinese sovereign wealth fund investments in Latin America and the Caribbean are driven by market profitability or state-guided industrial policy under the 'Go Global' strategy.

August 27, 2026Economic and Political Studies

Chinese sovereign wealth funds in Latin America and the Caribbean: Supporting the ‘Go Global’ strategy

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Authors

JSJuan Manuel Sotillo JBJulimar da Silva Bichara

Discussion

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Overview

Database analysis reveals Chinese sovereign wealth funds blend commercial returns with national industrial policy across Latin America, indicating strategic state-led internationalisation.

Key Points

To assess whether Chinese sovereign wealth fund investments in Latin America and the Caribbean are driven by market profitability or state-guided industrial policy under the 'Go Global' strategy.
Constructed a database tracking Chinese sovereign wealth fund (SWF) investment transactions across Latin American and Caribbean economies and sectors from 2000 to 2020.
Applied the eclectic paradigm and the concept of state-enabled globalisation to evaluate investment drivers and firm internationalization.
Documented Chinese SWF investment transactions exceeding US$65 billion across diverse sectors and economies in Latin America and the Caribbean between 2000 and 2020.
Demonstrated that Chinese SWFs operate at the intersection of commercial profit and policy-driven objectives, functioning as vehicles for state-led corporate internationalisation rather than conventional financial investors.

Cite This Study

Sotillo et al. (2026) studied this question.

synapsesocial.com/papers/6a8fe99e10c91c1e926214f6 https://doi.org/10.1080/20954816.2026.2716520

View Full Paper

Ask AI

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August 27, 2026Economic and Political Studies

Chinese sovereign wealth funds in Latin America and the Caribbean: Supporting the ‘Go Global’ strategy

View Full Paper

Ask AI

Bookmark

Authors

JSJuan Manuel Sotillo JBJulimar da Silva Bichara

Discussion

Member takes

Overview

Database analysis reveals Chinese sovereign wealth funds blend commercial returns with national industrial policy across Latin America, indicating strategic state-led internationalisation.

Key Points

To assess whether Chinese sovereign wealth fund investments in Latin America and the Caribbean are driven by market profitability or state-guided industrial policy under the 'Go Global' strategy.
Constructed a database tracking Chinese sovereign wealth fund (SWF) investment transactions across Latin American and Caribbean economies and sectors from 2000 to 2020.
Applied the eclectic paradigm and the concept of state-enabled globalisation to evaluate investment drivers and firm internationalization.
Documented Chinese SWF investment transactions exceeding US$65 billion across diverse sectors and economies in Latin America and the Caribbean between 2000 and 2020.
Demonstrated that Chinese SWFs operate at the intersection of commercial profit and policy-driven objectives, functioning as vehicles for state-led corporate internationalisation rather than conventional financial investors.

Cite This Study

Sotillo et al. (2026) studied this question.

synapsesocial.com/papers/6a8fe99e10c91c1e926214f6 https://doi.org/10.1080/20954816.2026.2716520

View Full Paper

Ask AI

Bookmark