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《International Economic Review》 2010-06
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Outbound Direct Investment of Late-mover Developing Countries:Basis,Advantages and Preconditions

Wang Yuesheng & Tao Tao  
With the rapid growth of outbound direct investment(ODI) of the developing countries,it is increasingly important to discuss the basis and motivation of ODI.This article analyses the basis,advantages and preconditions of ODI of large developing countries such as China and other BRIC economies.It argues that in the globalization era,although they face such challenges as lack of monopoly in overseas markets and inadequate,those late-mover development countries can still possibly blaze a new trail of outbound investment through making full use of their existing advantages,such as the large-country effect,the unique advantage in their uneven development,advantage in industrial foundation as a result of international industry transfer and restructuring,sufficient capital pool resulting from large-scale exports,and their institutional predominance thanks to the strong government and their status of State-owned enterprises.The success and sustainability of this model,however,require the fulfillment of a number of preconditions by those big developing countries while they expand their outbound investment.
【CateGory Index】: F113
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