Title: Literature Review of Foreign Direct Investment by Corporations without Technology Advantages
Abstract: With the accelerating of economic globalization, national corporations are facing the huge pressure caused by the competition all around the world. In knowledge-intensive industries with rapid technological obsolescence and scale economy, domestic high efficiency corporations whose technology level lower than foreign corporations shows prominent multinational investment. Virtually, it is FDI by corporations without technology advantages. In order to demonstrate FDI by enterprises without absolute or relative technology advantages, oversea researchers have constructed different two-country Cournot duopoly models from unidirectional and bi-directional aspects, and made empirical test. This paper summarizes these researches and makes a brief comment.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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