資源描述：
《外國(guó)直接投資流向變動(dòng)趨勢(shì)：理論和實(shí)證分析【外文翻譯】》由會(huì)員上傳分享，免費(fèi)在線(xiàn)閱讀，更多相關(guān)內(nèi)容在學(xué)術(shù)論文-天天文庫(kù)。
1、外文翻譯原文Trendsinforeigndirectinvestmentflows:atheoreticalandempiricalanalysisMaterialSource:JournalofInternationalBusinessStudiesAuthor:DSethiIntroductionForeigndirectinvestment(FDI)hasbeenviewedthroughseveraltheoreticallenses,withresearcherstakingdifferentsnapshotsofthephenomenon.Althoug
2、hpriorstudieshaveidentifiedseveralfactorsthatimpactontheFDIdecisionofamultinationalenterprise(MNE),thosedeterminantsaregenerallyapplicableonlytothespecificcontextconsidered,orelseaffectjusttheinitialmarketentry.AcomprehensivetheoreticalformulationthathelpstoanalyzepatternsofFDIacrossdif
3、ferentgeographicalregionshasprovedelusive.SuchFDIpatternsalsoneedtobeexaminedovertime,becausefactorsfavoringanMNE’sinitialinvestmentintoacountrycouldchange,promptingittomovenewinvestmentselsewhere.Severalstrategicconsiderationscouldmotivatesuchshifts,suchasincreasedcompetitiveintensitya
4、ttheoriginallocation,cost-cuttingrequirementswhichpromptthesearchfornewlow-costproductionlocations,orpressuretoenternewmarketsinresponsetosimilarmovesbyrivals.MeasuresundertakenbyvariousgovernmentsinliberalizinginvestmentregimesalsoprofoundlyaffectFDIdecisions.FDItrends,hence,areacomple
5、x,multi-dimensionalphenomenon,whichneedstobeexaminedfrommacro-economicaswellasfirmstrategyperspectivesforamorerealisticanalysis.Asregardsthelevelofanalysis,ideallyFDIshouldbeexaminedatthefirmlevel,giventhateachMNE’sinvestmentdecisionisaffectedbyitsuniquestrategicobjectives.But,asanyanal
6、ysisofFDItrendswouldindicate,MNEsofteninvestinaparticularcountryorregionvirtuallyenbloc,notwithstandingidiosyncraticvariationsinindividualinvestmentdecisions.Therushamongstrivalstoenteremergingmarketsoftentriggersthisbandwagoneffect(Knickerbocker,1973).ShiftsinFDIdestinationsovertimecan
7、thereforebeanalyzedatacountrylevelbecausethedeterminantsunderinvestigationaffectallMNEsuniformly(Freeman,1978).10Numeroussurveysandpublications,suchasthosefromtheUN,routinelypublishaggregateddataonFDIbycountry.TheseoftenrevealasignificantincreaseofFDIintoaparticularregion,witha
