China's Global Equity Oil Investments: Economic and Geopolitical Influences

In this article, we construct and analyze an original database of overseas Chinese equity oil investments (EOI) in order to assess the relative importance of economic and geopolitical factors in determining the type of countries that are most likely to receive those investments. We find that China's national oil companies (NOCs) choose to make considerable investments in certain oil rich countries while ignoring others. We develop and examine ‘economic opportunity’ and ‘geopolitical relevance’ explanations of Chinese EOI. The economic explanation assumes that Chinese oil companies operate autonomously despite the fact that they are state owned, and that they seek international experience in countries offering less competition but more risk. The geopolitical explanation suggests that Chinese equity oil investments are developed and coordinated by the central government as part of a geopolitical strategy that is designed to bypass the so-called ‘Malacca Dilemma’ and deepen security ties with oil-rich states through the conduct of oil diplomacy. We argue that Chinese EOI tends to reflect both corporate interests and government priorities, and that it generates more liabilities rather than benefits for China.     

Competitive Strategies against Continental Powers: The Geopolitics of Sino-Indian-American Relations

This article makes three arguments about the Sino-American competition, the Sino-Indian rivalry, and the US-India partnership. First, past maritime-continental rivalries suggest that China will pose a greater challenge to American interests as it confronts fewer threats on land, while the US may require continental allies to counter-balance China's rise. Second, whereas a Sino-Indian continental security dilemma could benefit the US by compelling China to invest in capabilities that do not threaten it, a Sino-Indian maritime security dilemma could have the opposite effect. Third, Washington should consider India as a prospective continental ally rather than a potential maritime partner.     

Between Man and Nature: The Enduring Wisdom of Sir Halford J. Mackinder

This article argues for the continued relevance of the work and theories of the British Geostrategist Sir Halford J. Mackinder (1861-1947). It asserts that commentators and scholars who seek to marginalise Mackinder have too often dismissed his theories without setting them in the context of their continued endorsement in crucial areas of the globe. After 1945, despite his theories being tainted by association with Nazi Germany and Imperial Japan, both Moscow and Washington recognised the utility of Mackinder’s work and tailored policy accordingly. The end of Cold War saw Mackinder fall out of favour as his model was deemed unsuitable for policy analysis by a number of influential thinkers. It is argued here that, in recent years, the arena of international politics has seen a rehabilitation of Mackinder, accompanied by a resurgence of interest in Geopolitics. Finally, the piece examines those areas of the contemporary globe where Mackinder’s influence is greatest.