中国对外直接投资的实践与理论

Practice and Theory of China's Foreign Direct Investment

本文在融合企业经营分析中的网络概念与经济组织概念的基础上,提出一个国际直接投资模型。该模型表明,国际直接投资是一种涉及运用部分等级或完全等级的方法来组织国际经济活动的形式。不同等级以相应程度的所有权为基础。由于国际投资为投资企业建立了国际网络,而网络具有资源交换与信息流动的功能,因而国际投资不仅能用于开发企业的资产,而且能用于获取战略资源与重要信息以及改进市场交易。因此,该模型有异于强调国际投资供给面(即资产开发)但忽略需求面(即获取资源)的主流国际投资模型或学说。

This paper develops a network model of foreign direct investment （FDI） by integrating network ideas from business analysis with those of economic organization. The model suggests that FDI is a form of international economic organization by using methods ranging from partial to total involvement of hierarchy based on the degree of ownership. As FDI leads to the formation of international networks for the investing firm and the network has the function of resource exchange and information flows, FDI can be used not only to exploit the firm＇s assets, but also to obtain strategic resources and important information as well as to improve market transaction. So, this model differs from most of the mainstream models and paradigms, which often stress the supply - side of FDI （ i. e., asset exploitation） but ignore the demand - side （ i. e., resource seeking）.