FDI in China What We Know and What We Need to Study Next外文原文.pdfVIP

30 Academy of Management Perspectives November FDI in China: What We Know and What We Need to Study Next by Chung Ming Lau and Garry D. Bruton Executive Overview China is the world’s fastest growing economy and is the focus of extensive discussion by both academics and businesspeople. One of the principal drivers of China’s growth is foreign direct investment (FDI) into the country. China has pursued a historically unique FDI policy that has long-term implications for both Chinese and international businesses. The largest portion of China-related research is focused on FDI in China. This paper looks at what we know from this research and where future research about China and FDI needs to move. This paper will allow academics to build that knowledge of China and FDI into teaching and into a foundation for understanding this dynamic economy. Such an understanding of FDI will also help academics whose expertise is not China to better understand what is unique about China and its economy and lay the foundation for understanding other emerging economies. Using a process framework this paper examines various issues related to FDI in China, including the nature of earlier foreign investments into China, the timing and mode of entry, partner selection decisions, joint venture strategies, interpartner issues, and people issues in FDI. hina is a constant topic of interest among over the $593.3 billion in 2004. But focusing on businesspeople and increasingly among aca- exports alone belies the real engine of growth in C demics around the world. A review of China’s China: Foreign dire