Foreign Direct Investment and the high - tech industry cluster study of the interaction mechanism
|School||Yunnan University of Finance|
|Keywords||Foreign Direct Investment High-tech industrial clusters Interaction between|
With the deepening of economic globalization, the activities of transnational corporations on a global scale international direct investment more frequent and intense. Foreign direct investment on the economic development of countries, particularly developing countries, has played a huge role in promoting. It can not only make up a country's shortage of funds, improve the level of production technology, but also to promote the adjustment of industrial structure, enhance the international competitiveness of industry. Since the reform and opening up, foreign direct investment inflows also contribute significantly to China's economic development. At the same time, industrial clusters have mushroomed worldwide have appeared. America's Silicon Valley, Bangalore, India's software industry, the Italian ceramic tile industry are well-known example. The great contribution of the industrial clusters of the country's economic development is obvious, so countries will be the development of industrial clusters, especially high-tech industrial clusters as the focus of economic development strategy. With the promotion of reform and economic development, high-tech industry cluster phenomenon has become an important part of China's economic development. In fact, China's high-tech industrial clusters has become an important factor in attracting foreign direct investment. Knowledge spillover effects brought about by the high-tech industry cluster, huge economies of scale and effectively eliminate information asymmetry thereby reducing the effect of the transaction costs foreign companies a huge competitive advantage. Foreign direct investment enterprises (especially multinational corporations) for the cluster region with the outside world through its own global network of organizations set up a bridge of communication and industrial clusters within the division of labor and networked business ecosystem environment to create R \u0026 D support and endogenous power. Although foreign direct investment and industrial clusters has become an important interest of both economic and academic research, theoretical and empirical research on the relationship of foreign direct investment and high-tech industrial clusters is not much you can open up the space, which also contributed to this. , Foreign direct investment and high-tech industry cluster is the existence of a complementary interaction between? We will regulate research and empirical analysis combined, through case analysis and econometric model to study the relationship between foreign direct investment and high-tech industrial clusters, revealing the intrinsic link between the two. The empirical results show that: the interactive relationship between the two does exist. This gives us revelation: the development of industrial clusters to attract more FDI, foreign direct investment can also improve the international competitiveness of China's industrial clusters.