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With the global economy of the accelerated process of scientific and technological progress, the international market intensifies, transnational corporations in developed countries in order to maintain their status in the global economy, access to greater benefits, and constantly adjust development strategies.
   A new cross-border mergers and acquisitions strategy. The era of globalization is the era of increasing returns to scale. In a globalized economy, firm size plays a decisive role, especially in petitive industries or market shrinking, the scale enterprises are the source of a chance of survival. Therefore, petition intensified, the global wave of corporate mergers increasing. According to the information to plete statistics, the 20th century, since the 90's, the world each year about 16,000 enterprises have been mergers, of which 80% of mergers and acquisitions of transnational corporations, transnational M & A transaction volume annually increasing at a rate of 30 percent. 
   The use of direct investment (FDI) for the world market, especially emerging markets in developing countries. In recent years, the pattern of world FDI increased from "3" and (the United States, Japan, South Korea) into a "class of many." By the end of 1990 in the western world's total FDI, developed countries accounted for 80 percent, developing countries accounted for 20%. However, in