对外直接投资方式的更迭

随着经济的发展和经济全球化进程的加快,跨国并购逐渐取代绿地投资,成为对外直接投资的主要方式。而传统的FDI理论一直强调的是绿地投资,因此对于现在蓬勃发展的跨国并购已不再具有充分的说服力。本文将传统的对外直接投资理论加以延伸,用以解释跨国并购取代绿地投资的原因。另一方面随着我国加入世贸组织后对外开放和经济改革的深入,跨国并购也必将取代绿地投资成为中国吸引外资的主要的方式。本文在分析这种趋势的同时,也提出了我国应采取的相应对策。

With the economic development and the globalization, cross- borders M＆As （Mergers and Acquisitions） have become the most way of FDI（foreign direct investment） in place of Greenfield Investment. But the traditional theories couldn＇ t tell us why, as the theories were developed in the time when the most way of FDI was Greenfield Investment. In the text, writer tries to force the traditional theories to tell the reason why transnational M＆As becomes the most way of FDI. With the development of Chinese economy, transnational M＆A will become the most way of the FDI. In the text, we find the trend and must take measures to make M＆As be helpful to China.