讲座外国直接投资.pdfVIP

What Is FDI? ➢Foreign direct investment (FDI) occurs when a firm invests directly in new facilities to produce and/or market in a foreign country ➢the firm es a multinational enterprise ➢FDI can be in the form of ➢greenfield investments - the establishment of a wholly new operation in a foreign country ➢acquisitions or mergers with existing firms What Is FDI? ➢The flow of FDI - the amount of FDI undertaken over a given time period ➢Outflows of FDI are the flows of FDI out of a country ➢Inflows of FDI are the flows of FDI into a country ➢The stock of FDI - the total accumulated value of foreign-owned assets at a given time What Are The Patterns Of FDI? ➢Both the flow and stock of FDI have reased over the last 30 years ➢Most FDI is still targeted towards developed nations ➢United States, Japan, and the EU ➢but, other destinations are emerging ➢South, East, and South East Asia especially ➢Latin America ➢ Ireland and US FDI What Are The Patterns Of FDI? FDI Outflows 1982-20102($ billions) What Are The Patterns Of FDI? FDI Inflows by Region 1995-2011 ($ billion) What Are The Patterns Of FDI? Source: The Economist (2011) What Are The Patterns Of FDI? ➢ The growth of FDI is a result of 1. a fear of protectionism ➢ want to circumvent trade barriers 2. political and economic changes ➢ deregulation, privatization, fewer restrictions on FDI 3. new bila l investment treaties ➢ designed to facilitate investment 4. the globalization of the world economy ➢ many companies now view the world as their market ➢ need to be closer to their customers What Are The Patterns Of FDI? ➢Gross fixed capital formation - the total amo