Analysis Of Baosteel Group Corporation's Structural Power From The Perspective Of International Political Economy

As the second largest economy and the first largest steel producer in the world,China has a high market share in steel production and consumption,but the lack of position and voice in the international market has hindered the process of "going out" of China's steel enterprises.It is an important task for the development of China's iron and steel industry to study the experience and shortcomings of Chinese iron and steel enterprises in the process of participating in the construction of international political and economic market.Baosteel Group Corporation is the first and second steel manufacturer in China and the second in the world.It is also one of the representative Chinese enterprises participating in the construction of international political and economic order,which makes it an important object to study the structural power of iron and steel enterprises and participate in the construction of International political and economic system.With the help of Susan Strange's structural power theory,based on the characteristics of the development of China's iron and steel industry and the production mode of iron and steel enterprises,this paper studies the exertion of the structural power of Baosteel Group Corporation at the production level,financial level and knowledge level from the perspective of international political economy.Considering the different subjects of traditional international political economy,such as national government and international organizations,enterprises lack the way and ability to directly change the international political and economic system,and their structural power is reflected in the interaction between enterprises and market,enterprises and government.According to Susan Strange's definition of structural power,this paper summarizes and analyzes the market subject of steel enterprises On the basis of the characteristics of structural power,combined with the relevant theoretical research,select the indicators that can directly and generally reflect the structural power of iron and steel enterprises,and master the performance of Baosteel Group Corporation structural power through the change and comparison of indicators.In the production structure,the structural power of Baosteel Group Corporation mainly comes from the negotiation and game between the enterprise and the market and the government on the production elements.In the formation of market competition rules,Baosteel Group Corporation has strong competitiveness in scale production and industrial integration,which can establish a market competition pattern with supply and marketing as the core.In the production activities,Baosteel Group Corporation's technical advantages and In terms of production layout,it has affected the formulation of policies on environmental protection and production restriction,and ensured the smooth progress of production activities of enterprises.In terms of trade rules,Baosteel Group Corporation has obtained legitimate rights and interests in trade disputes and anti-dumping sanctions while opening up the international market and establishing the position of core suppliers by means of rating,strategic cooperation,arbitration and litigation of core manufacturers,and has been a Chinese iron and steel company The export trade obtained the legal basis and valuable experience.In the financial structure,Baosteel Group Corporation's structural power is mainly reflected in influencing the credit rating rules of affiliated enterprises and the cross-border transaction and settlement of commodities.External guarantee,capital lending and other ways affect the capital status and credit rating of affiliated enterprises,so that they can finance under more relaxed conditions.Baosteel Group Corporation actively promotes the trading of bulk commodities such as iron ore" The internationalization of RMB,such as China Index and RMB settlement,has opened up a broader path for currency exchange in the iron and steel industry.In the knowledge structure,Baosteel Group Corporation technology reserve and R&D ability are the main sources of its structural power.The interaction of production,finance and knowledge structure is the main form of exertion of the structural power at the knowledge level-technological advantage forms production advantage,patent transfer forms economic income,and Industry Authority brings the ability to formulate industry standards.At the same time,we also see that Baosteel Group Corporation has many shortcomings and restrictions in the expansion and exertion of structural power:first,the low concentration of domestic steel industry and the homogenized competition of enterprises cause Baosteel Group Corporation to be greatly affected by the market;second,the investigation and restrictions of European and American countries on China's steel and iron industry make foreign trade rely on government policy support and international cooperation and consultation;Finally,the high time cost and capital cost of foreign patent application is an important factor to limit the technological position of enterprises in the international market.On the basis of mastering the mode and characteristics of Baosteel Group Corporation's structural power,this paper summarizes the way and way of the micro individual structural power exertion,which is a useful attempt to interpret Susan Strange's structural power theory from the micro perspective.At the same time,through the specific data analysis and comparison,this paper analyzes the specific embodiment and shortcomings of Baosteel Group Corporation in the international political and economic activities,and also provides some reference for the play and expansion of structural power of other iron and steel enterprises in China.