国际直接投资的经济学研究外文翻译.docVIP

外文翻译 原文 THE ECONOMICS OF FOREIGN DIRECT INVESTMENT Material Source: economic Policy, 2005 Author: Ari Koko The attitude towards inward foreign direct investment (FDI) has changed considerably over the last couple of decades, as most countries have liberalized their policies to attract investments from foreign multinational corporations (MNCS). On the expectation that foreign MNCS will raise employment, exports, or tax revenue, or that some of the knowledge brought by the foreign companies may spill over to the host country’s domestic firms, governments across the world have lowered various entry barriers and opened up new sectors to foreign investment. An increasing number of host governments also provide various forms of investment incentives to encourage foreign owned companies to invest in their jurisdiction. 1. These include fiscal incentives such as tax holidays and lower taxes for foreign investors, financial incentives such as grants and preferential loans to MNCS. 2. As well as measures like market preferences, infrastructure, and sometimes even monopoly rights. Many multinational enterprise itself business growth slowed, operating pressure sharply, profitability reduce, overseas expansion plans only temporarily put to one side, long view. Add the credit crunch, many potential investment or merger projects into the financing difficulties and financing costs rose trapped habitat. In addition, many private fund or national sovereign funds capital capability by different process degrees shrink, cross-border capital investment, merger willingness and ability are reduced. From the paper that foreign capital very nervous, they will be very in investing cautious. Although some FDI promotion efforts are probably motivated by temporary economic problems such as low growth rates and rising unemployment, there are also more fundamental explanations for the increasing emphasis on investment promotion in recent years. In particular, it appears that the globalizati