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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.Itcanprovideafirmwithn
2、ewmarketsandmarketingchannels,cheaperproductionfacilities,accesstonewtechnology,products,skillsandfinancing.Forahostcountryortheforeignfirmwhichreceivestheinvestment,itcanprovideasourceofnewtechnologies,capital,processes,products,organizationaltechnologiesandmanagementskills,andassuc
3、hcanprovideastrongimpetustoeconomicdevelopment.Foreigndirectinvestment,initsclassicdefinition,isdefinedasacompanyfromonecountrymakingaphysicalinvestmentintobuildingafactoryinanothercountry.Thedirectinvestmentinbuildings,machineryandequipmentisincontrastwithmakingaportfolioinvestment,
4、whichisconsideredanindirectinvestment.Inrecentyears,givenrapidgrowthandchangeinglobalinvestmentpatterns,thedefinitionhasbeenbroadenedtoincludetheacquisitionofalastingmanagementinterestinacompanyorenterpriseoutsidetheinvestingfirm’shomecountry.Assuch,itmaytakemanyforms,suchasadirectac
5、quisitionofaforeignfirm,constructionofafacility,orinvestmentinajointventureorstrategicalliancewithalocalfirmwithattendantinputoftechnology,licensingofintellectualproperty,inthepastdecade,FDIhascometoplayamajorroleintheinternationalizationofbusiness.Reactingtochangesintechnology,growi
6、ngliberalizationofthenationalregulatoryframeworkgoverninginvestmentinenterprises,andchangesincapitalmarketsprofoundchangeshaveoccurredinthesize,scopeandmethodsofFDI.Newinformationtechnologysystems,declineinglobalcommunicationcostshavemademanagementofforeigninvestmentsfareasierthanint
7、hepast.Theseachangeintradeandinvestmentpoliciesandtheregulatoryenvironmentgloballyinthepastdecade,includingtradepolicyandtariffliberalization,easingofrestrictionsonforeigninvestmentandacquisitioninmanynations,andthederegulationandprivationofmanyindustries,hasprobablybeenthemostsignif
8、icantcatalys