文档介绍：Asia Pac J Manag (2009) 26:163–183
DOI -008-9112-5
REVIEWS
Economic and strategic considerations surrounding
Chinese FDI in the United States
Steven Globerman & Daniel Shapiro
Published online: 13 September 2008
# Springer Science + Business Media, LLC 2008
Abstract The growth of outward investment from China has generated expressions
of concern from policymakers in the United States regarding the economic and
national security impacts of such investments. While inward foreign direct
investment (FDI) e to be viewed by most observers as generally imparting
net economic benefits to the host economy, acquisitions of panies by
Chinese panies (MNCs) have been criticized on several grounds.
One is based on the mode of entry itself: some critics believe that entry by
acquisition brings lower benefits than greenfield entry. A second and more
prominent concern is that acquisitions of panies by Chinese state-owned
enterprises (SOEs) may be motivated by mercial objectives which, in turn,
make those acquisitions of questionable value to the host economy. In this paper, we
argue that Chinese FDI in the United States is more likely to take the form of
acquisitions than greenfield investments for the foreseeable future. However, there is
no strong case to be made that the host country economic benefits from Chinese FDI
would be larger if entry took place primarily through greenfield investments.
Furthermore, most of the alleged costs to the US economy from inward FDI from
China are either unlikely to occur or are already anticipated by existing US laws and
regulations, thus necessitating no additional, specific legislation.
Keywords Chinese foreign direct investment . Acquisition . Greenfield .
panies . State-owned enterprises
The authors thank Mike Peng (Editor-in-Chief) for ments on an earlier draft.
S. Globerman (*)
College of Business and Economics, Western Washington University, Bellingham, WA 98225, USA
e-mail: steven.******@w