Foreign Direct Investment, Technology Spillover, and the Multinational Enterprises’ Global Strategy

국문 초록 (Abstract)

본서는 중국의 경제개혁이후 경쟁과정에서, 다국적기업들의 진입전략과 중국현지기업들의 성장전략과 그들간의 경쟁을 통한 생존전략을 살펴본다. 이와 같은 경쟁의 결과, 중국산업은 빠른 속도로 과점화되고 있다. 중국현지기업들이 다국적기업들간의 경쟁에서 우위를 갖는지는 산업의 특성에 따라 다르나, 이들 기업들은 다국적기업들로 부터의 기술이전을 바탕으로 약한 기업들을 인수하여 중국전체적으로 경쟁하는 기업으로 성장하였고, 이들은 지금 글로벌기업으로 성장하여 전세계시장에서 다국적기업들에 도전을 하고 있다.

다국어 초록 (Multilingual Abstract)

This book examines how winners came out on top of the fierce marketplace of China’s economic reform. It looks at how successful multinational firms grew their operations in China and how successful local firms emerged from the restructuring process, as well the competition between them. As a consequence of cutthroat competition, Chinese industries are increasingly consolidated. While the extent to which emerging local firms can challenge well-established multinational firms varies by industry, there are common characteristics of winners within each firm type. A handful of multinational and local firms emerged victorious by acquiring small, weak, and regional players to become truly national players. During this process, weaker multinational firms were crowded out of the market by stronger multinationals as well as by emerging local powerhouses. The successful local firms that survive competition in China have global ambitions and venture into international markets, challenging foreign multinational firms in the global marketplace.