跨国资本流动、战略性矿产资源与全球治理能力提升  

Transnational Capital Flow,Strategic Mineral Resources and Improvement of Global Governance Capacity

作　　者：张海亮[1] 李垚 王海军 Zhang Hailiang;Li Yao;Wang Haijun(School of Management and Economics,Kunming University of Science and Technology,Yunnan Kunming 650504,China;School of Economics,Beijing WUZI University,Beijing 101149,China)

机构地区：[1]昆明理工大学管理与经济学院,云南昆明650504 [2]北京物资学院经济学院,北京101149

出　　处：《上海财经大学学报（哲学社会科学版）》2022年第5期67-78,共12页Journal of Shanghai University of Finance and Economics

基　　金：国家自然科学基金资助项目“资本流动、战略性关键矿产资源与全球治理能力提升研究”(72164021);云南省省院省校教育合作人文社科项目“云南战略性关键金属矿产资源高效利用对策研究”(SYSX202004)

摘　　要：战略性矿产资源被赋予促进经济转型升级、提高国际竞争力的使命,其重要性不言而喻。文章基于中国及主要发达国家近年来跨国资本参与的金属矿产资源并购交易数据,实证研究了跨国资本流动的战略性矿产资源寻求动机及其作用机理。结果显示:(1)跨国资本“围猎”动机十分明显。跨国资本不仅积极并购本国稀缺的资源,而且有流向中美两国争夺激烈的战略性矿产资源的倾向,尤其是对制约高科技产业发展的金属资源的争夺动机更为显著。(2)东道国“保护”动机十分明显。跨国资本流入战略性矿产资源丰富的国家存在显著的“阻滞”效应,东道国对战略性矿产资源产业链上游的跨国资本流入管控非常严格。(3)跨国资本“制衡”动机十分明显。跨国资本具有追求价值链高端要素的动机,其试图占据价值链顶端,并将竞争对手锁定在价值链低端环节。对此,文章从监测国际资本流动、优化资源供给格局、提升价值链水平三方面提出提升中国战略性矿产资源全球治理能力的对策。Strategic mineral resources are endowed with the mission of promoting economic transformation and upgrading and improving international competitiveness,and their importance is self-evident.The world is undergoing the greatest changes in a century,the security of strategic mineral resources has also been raised to a higher level of national security.It is very important for us to understand how international capital flows,how multinational companies allocate global resources around strategic mineral resources,and how to improve resource control ability.Closely combined with the major needs of national strategic resources,focusing on the characteristics and attributes of strategic mineral resources,this paper analyzes how global capital“hunts”strategic mineral resources,and studies the impact mechanism of the two.Based on the data of metal mineral resource M&A transactions involving transnational capital in China and major developed countries in recent years,this paper finds that the motivation of transnational capital flow is significantly related to the scarcity of mineral resources.(1)The“hunting”motivation of transnational capital is obvious.Transnational capital not only actively merges scarce domestic resources,but also tends to flow to strategic mineral resources,especially for metal resources which restrict the development of high-tech industry.(2)The“protection”motivation of the host country is obvious.There is a significant“blocking”effect of transnational capital inflow into countries rich in strategic mineral resources,and the host country has strict control over transnational capital inflow in the upstream of strategic mineral resource industry chain.(3)The“check and balance”motivation of transnational capital is obvious.Transnational capital has the motivation to pursue the high-end elements of the value chain.It tries to occupy the top of the value chain and lock the competitors in the low-end of the value chain.Based on the above,this paper puts forward countermeasures to improve

关 键 词：战略性矿产资源 跨国资本流动 资产专用性 治理能力 

分 类 号：F416.1[经济管理—产业经济] F831.6