Foreign Direct Investment and State Export Performance

Since the early 1980s, there has been widespread debate over the impacts of rising levels of inward foreign direct investment (FDI) on the U.S. economy. A frequently noted, but little studied, issue within the debate is the impact of FDI on U.S. foreign trade, and particularly, on the foreign trade of U.S. regions. This study assesses the effects of FDI on the manufacturing export performance of U.S. states during the period from 1980 to 1991. Results indicate that increased levels of FDI are positively related to future improvements in state manufacturing export performance.     

Foreign Direct Investment and Regional Export Performance in China

This paper investigates the impact of foreign direct investment (FDI) on the export performance of China at the provincial level. First, it presents a theoretical discussion of the impact of FDI on foreign trade, and then an empirical study of the impact of FDI on the export performance of regions in Chin. It has been found that the impact of FDI on exports differs across three macro-regions in China. The effect is stronger in the coastal region than in the inland regions. Although FDI shows a positive and significant impact on exports from the central region, its impact on the western region is found to be insignificant.     

战后日本对中国的直接投资

战后日本对华直接投资开始于1979年,呈现出沿海地区集中、投资目的单一、由制造加工转变为注重销售等特点,同时在其发展中也存在着一些问题。为此,中国应在充分认识日本海外直接投资规律的基础上,进一步开放市场,优化投资环境,增强包括日本投资者在内的外国投资者的投资信心,以便吸引更多的投资满足国有企业改革和西部开发对资金、技术和管理的迫切需要。     

日本对外直接投资与经济空洞化的再认识

日本经济空洞化是一个老议题,中日两国的专家学者对于此议题的各类观点众说纷纭,相应的著作和论述也十分丰富,但是,到目前为止还没有一个相对完整的定论。本文试图在总结前人所得出的结论的基础上,去粗取精、去伪存真、理顺观念,透过现象看本质,以日本经济的整体运行为背景和依据,对于空洞化不再单纯地认为有或者没有以及一概而论地把空洞化定性为善或恶的片面认识,而是一分为二地把空洞化划分为“微观空洞化”和“宏观空洞化”以及“良性空洞化”和“恶性空洞化”,力图把一个真实而客观的日本经济空洞化较为直观地展现在人们面前。     

Growing Global: Foreign Direct Investment and the Internationalization of Local Suppliers in Scotland

The paper examines how the localization of multinationals can be linked to the globalization of local business networks, particularly whether domestic linkages with foreign subsidiaries can facilitate the internationalization of local suppliers. Detailed interviews were held with 16 suppliers and 8 foreign investors in both the Scottish oil-gas and electronics industries. The results highlight the importance to suppliers of 'piggy-backing' multinationals into new markets, but show its greater significance in the oil-gas industry. The paper concludes that piggy-backing is dependent on the strength and value of domestic links between suppliers and subsidiaries. Industry-specific factors determine the intensity of these linkages. The implications for such developments are being absorbed by planning and economic development policy-makers at regional and national levels, as supplier and investor development is increasingly being placed within a wider policy framework of cluster development.     

外商投资中国旅游业的法律环境

本文集中讨论外商投资中国旅游业的如下法律问题：外商投资中国旅游业的发展趋势、外商投资中国旅游业法律环境的构成、外商投资中国旅游业法律环境评价以及外商投资中国旅游业法律环境的改善。本文认为,在跨国公司不断扩大对中国旅游业投资的过程中,面,临复杂的矛盾和冲突,需要有专门的、可操作的法律规范予以调整。因此,必须加快中国旅游基本法的出台,加强国内法和国际法的吻合,以为外商投资旅游创设良好的法律环境。     

Russia's Inward and Outward Foreign Direct Investment: Insights into the Economy

A prominent British economist reviews the recent growth, partner-country composition, and sector composition of foreign direct investment in and out of Russia from a comparative international perspective, based on UNCTAD and Central Bank of Russia data as well as selected case studies. Two hypotheses are tested: that foreign policy significantly affects the host-country pattern of Russia's outward foreign direct investment (OFDI) and that domestic institutions significantly impact the host-country pattern of Russia's OFDI and the sectoral pattern of its inward foreign direct investment (IFDI). Quantitative evidence of foreign-policy influence could not be found, while domestic institutional influences do appear to be present, most notably in the form of system-escaping OFDI.     

Foreign Direct Investment and Democratic Development in the Russian Provinces: A Preliminary Analysis

Foreign investment in Russia has consistently lagged behind East European countries throughout the last decade. Although formidable obstacles to attracting foreign investment remain throughout the country, some of Russia's 89 provinces have been more successful than others in creating attractive investment environments. One reason for this varied success may be related to the degree of economic and political elite consensus that exists in some regions. This, in turn, may help in the formulation of incentives to attract foreign investors. However, the political consensus that helps to establish a stable policy environment for foreign investment may well imperil pluralistic political development in the long run. Thus, we must be wary of conflating foreign investor interest with liberal politics and democratic development in Russia's regions.     

Restructuring of the Polish Passenger Car Industry through Foreign Direct Investment

A U.S.-based geographer discusses the effects of foreign direct investment (FDI) in the Polish passenger car industry. The paper illustrates the magnitude of enterprise restructuring and changes in a significant economic sector. Using the case study approach, the author focuses on three of the largest foreign-owned passenger car makers in Poland: Fiat Auto Poland, Daewoo-FSO, and Opel Polska. He then considers FDI in the rest of the Polish automobile industry, noting inter alia Poland's proximity to West European markets and the country's low-cost labor. The case studies, based in part on recent interviews, discuss investment policies, enterprise restructuring, production trends, and effects of FDI in the supplier bases of car makers. Journal of Economic Literature, Classification Numbers: D20, F21, L62. 6 figures, 1 table, 76 references.     

Competitive Advantage in the Irish Indigenous Software Industry and the Role of Inward Foreign Direct Investment

Since the mid-1980s, the software industry has been one of the fastest growing sectors of the Irish economy. This article examines the causes of the degree of success which the Irish indigenous software industry has attained in terms of growth and international competitiveness. In exploring the development of its competitive advantage we examine, in turn, the role of Irish factor conditions, domestic demand conditions, related and supporting industries, and firm strategy, structure and rivalry, in accordance with Porter's (1990) 'diamond' model. In doing this, we pay close attention to the role of foreign-owned transnational corporations (TNCs) in Ireland in influencing the development and competitive advantage of the indigenous software industry. This is a relevant issue in view of the simultaneous rapid development of the indigenous and foreign-owned branches of the industry, and also the strong growth among other, possibly related, TNC-dominated sectors such as computers and telecommunications equipment. This paper shows that the Irish indigenous software industry has had a strong competitive performance. There is no single outstanding reason for this; rather, causes can be found in all four of Porter's suggested determinants of competitive advantage, so that it is the combination of a range of favourable influences that has proved effective. However, the case of the Irish indigenous software industry shows how foreign TNCs can indeed have a significant positive influence on indigenous competitive advantage.     

厦门特区利用外商直接投资探析

本文分四个阶段回顾了厦门利用外商直接投资推动特区经济发展的历程 ,从投资主体、投资方式、投资领域和投资规模的角度 ,分析了厦门利用外商直接投资的特点并细致考察了厦门利用外商直接投资发展迅猛的动因 ,阐述了利用外商直接投资对特区经济发展起到的推动作用 ,作者针对厦门特区再利用外商直接投资中仍存在的若干亟待解决的问题 ,提出了积极的建议     

Tourism and Foreign Investment in Australia: Trends,Prospects and Policy Implications

Processes of internationalisation and structural economic change have had profound impacts on the pattern of regional economic activity in Australia. The 1980s was a decade of rapid growth in foreign investment, reoriented to the property and services sector, including tourism. It was also a boom time for international tourism, which emerged as the nation's leading export industry. In addition to the national gateway city of Sydney, the rapidly growing coastal cities of Gold Coast and Cairns in Queensland emerged as major international tourism destinations underpinned by significant levels of foreign investment, particularly from Japan. The 1980s boom years for tourism and foreign investment are revised and raises policy implications raised for the longer-term development of tourism and the role of foreign investment.     

Land Privatization and Enterprises in Georgia

An American attorney directing a U.S. Agency for International Development (USAID) program supporting privatization of urban and industrial land in Georgia since autumn 1997 describes the procedure whereby previously privatized enterprises can acquire the land beneath and surrounding those enterprises. This program, incorporating experience derived in commercial land privatization elsewhere in the former USSR and designed to emphasize transparency and minimize fees and paperwork, is compared with alternative approaches utilized in other republics. A procedure whereby enterprises not meeting land privatization criteria may lease land from the state, and whereby local authorities may sell vacant land, also is described. Journal of Economic Literature, Classification Numbers: D23, R33, R52. 20 references.     

Australian Capital City Property Development,Foreign Investment and Investor Attitudes

Recently there has been a substantial change in the role of foreign investment in urban property development in Australia. Now, about 50% of foreign investment each year is directed to urban property sectors, with Asian investors accounting for approaching 50% of this investment. This trend has coincided with the re-emergence of the property development sector from the trough of a recession in the early 1970s to something approaching a boom in the last two to three years. While there are considerable variations in the performance and prospects of the various capital city property markets, Australia is seen in general terms as being a favourable place for foreign investment in urban property development, particularly as a destination for long term equity investment. This paper examines recent trends in capital city property markets in Australia, and in particular the increasing importance of foreign investors. It also discusses the results of a national survey of property developers, investors and intermediaries, and investors, both local and foreign, and reports on their attitudes towards the various capital city property markets, and their investment behaviours. Attitudes towards the Foreign Investment Review Board (FIRB) guidelines and controls are examined, and it is suggested that there is room for further substantial deregulation to encourage direct foreign investment in Australian urban property development.     

National Territory and the Reconstruction of History in Kazakhstan

This paper examines efforts to recreate the history of Kazakhstan for the purpose of bolstering that newly independent state's external and internal legitimacy. It first explores the interrelationship between nationalism and territory, and then proceeds to a discussion of the constructed historical linkages between the titular community and its current territory of residence. Included in the study is a brief review of counterhegemonic historiographies and also of relevant political conditions. Anchored in a theoretical framework, the paper incorporates population statistics as well as information obtained during interviews in Almaty in 2001. Journal of Economic Literature, Classification Numbers: H10, R23, Z13. 2 figures, 1 table, 92 references.     

The Politics and Administration of Privatization

Privatization grows out of the theoretic constructs of public choice theory. Through the nurturing efforts of those such as E. S. Savas, privatization has been transplanted from the academic greenhouse to the fields of practical government Against the field of fads–empowerment, total quality management, reengineering, strategic planning, and benchmarking–privatization stands out.
Privatization has endured and spread. To many, privatization restores the dynamic balance of government and individual freedom. To others, privatization, like kudzu (initially a solution to soil erosion in the South), threatens to crowd out all other forms of "public" service delivery.     

The Global Economic Crisis and Foreign Investment in Russia from the EU: Empirical Evidence from Firm-Level Data

This paper empirically examines the impact of the recent global economic crisis on foreign investment from EU countries in Russia by estimating a location choice model for foreign firms' entry in Russian regions for the period 1997-2011. It also examines the relative importance of various determinants of location choice on the redistribution of foreign-owned firms among Russian regions before and after the crisis. Strong evidence during the post-crisis period (2008-2011) of a decrease in market-seeking foreign investment in manufacturing and resource-seeking foreign investment in trade is examined not only in light of the crisis but also (in the latter case) within the context of the new Russian law for foreign investment in strategic industries, which went into effect in 2008.     

Achievements of Soviet Geography in Kazakhstan

A review of geographic research on Kazakhstan over the last 50 years, with a survey of major research projects and publications. Although Moscow geographers long assumed a large share of the research, a local group of geographers under N.N. Pal'gov has been playing an increasingly active role since the 1950's.