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1、外文翻译原文UnderstandingForeignDirectInvestment(FDI)MaterialSource:http://www.going-global.com/articles/understanding_foreign_direct_investment.htmAuthor:JeffreyP.GrahamandR.BarrySpauldingForeigndirectinvestment(FDI)playsanextraordinaryandgrowingroleinglobalbusiness.Itcanprovideafirm
2、withnewmarketsandmarketingchannels,cheaperproductionfacilities,accesstonewtechnology,products,skillsandfinancing.Forahostcountryortheforeignfirmwhichreceivestheinvestment,itcanprovideasourceofnewtechnologies,capital,processes,products,organizationaltechnologiesandmanagementskill
3、s,andassuchcanprovideastrongimpetustoeconomicdevelopment.Foreigndirectinvestment,initsclassicdefinition,isdefinedasacompanyfromonecountrymakingaphysicalinvestmentintobuildingafactoryinanothercountry.Thedirectinvestmentinbuildings,machineryandequipmentisincontrastwithmakingaportf
4、olioinvestment,whichisconsideredanindirectinvestment.Inrecentyears,givenrapidgrowthandchangeinglobalinvestmentpatterns,thedefinitionhasbeenbroadenedtoincludetheacquisitionofalastingmanagementinterestinacompanyorenterpriseoutsidetheinvestingfirm’shomecountry.Assuch,itmaytakemanyf
5、orms,suchasadirectacquisitionofaforeignfirm,constructionofafacility,orinvestmentinajointventureorstrategicalliancewithalocalfirmwithattendantinputoftechnology,licensingofintellectualproperty, Inthepastdecade,FDIhascometoplayamajorroleintheinternationalizationofbusiness.Reactingt
6、ochangesintechnology,growingliberalizationofthenationalregulatoryframeworkgoverninginvestmentinenterprises,andchangesincapitalmarketsprofoundchangeshaveoccurredinthesize,scopeandmethodsofFDI.Newinformationtechnologysystems,declineinglobalcommunicationcostshavemademanagementoffor
7、eigninvestmentsfareasierthaninthepast.Theseachangeintradeandinvestmentpoliciesandtheregulatoryenvironmentgloballyinthepastdecade,includingtradepolicyandtariffliberalization,easingofrestrictionsonforeigninvestmentandacquisitioninmanynations,andthederegulationandprivationofmanyind
8、ustries,hasprobablybeenthemostsignificantcataly