Managing Projects in Africa by Project Management Journal;Project Management Journal;

Author:Project Management Journal;Project Management Journal;
Language: eng
Format: epub
ISBN: 1134689
Publisher: John Wiley & Sons, Incorporated
Published: 2013-01-25T00:00:00+00:00

Managing Political Risks of Chinese Contracted Projects in Libya

Juan Zhang

Shanghai Institute of Foreign Trade, Institute of International Business, Shanghai, China

William X. Wei,

Grant MacEwan University, Institute of Asia Pacific Studies, Edmonton, Alberta, Canada

ABSTRACT

The contracted project is the basic form of Sino-Libyan economic cooperation. The authors hope that Chinese constructors will learn from this case study. This article assesses the political risk for Chinese contracted projects at three levels and studies their countermeasures to this emergency and the effects of political risks on Chinese constructors in Libya. The research finds that Chinese constructors are not good at political risk management due to their traditional attitudes toward risk and the attitudes of the Chinese government toward overseas losses of Chinese state-owned enterprises (SOEs). However, Chinese SOEs are more experienced than private-owned enterprises in dealing with emergencies.

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