해외직접투자이론의 여러 접근방법에 대한 체계적 고찰 = Systematic Classification of Approaches of FDI Theories

다국어 초록 (Multilingual Abstract)

Various foreign direct investment theories have been developed by many kinds of approaches by many scholars since S. Hymer's seminal dissertation in 1960. The reasons why FDI theories have been developed in such a way are that; 1) foreign direct investments are implemented by various motivation such as resource-seeking, market-seeking, efficiency-seeking, technology-seeking, diversification-seeking 2) FDI theories have been developed based on various disciplines of economics such as theories of international capital movement, trade, location, industrial organization, innovation, and the theory of firm 3) FDI can be analyzed in four dimensions such as political economy, macro economy, industry, micro economy.
Therefore, Disparate approaches coexisted in the scope of FDI theories, and John Dunning proposed the conceptual framework of OLI paradigm in a eclectic style. However, Dunning's paradigm covered the theories of liberal perspectives, and could not contain the structuralist theories and were deficient in the dynamic approach.
Hence, this essay develops a systematic classification of approaches of FDI theories by reviewing the historical evolution of FDI theories including S. Hymer's approach, internalization approach, the general theory approach, the approach of industry dimension, macroeconomic approach, structuralist approach, dynamic approach and summarize FDI theories according to this systematic classification.
Various approaches of FDI theories are classified as liberal v.s. structuralist in the ideological perspectives, and are classified as four analysis unit dimensions of political economy, macro economy, industry, micro economy, and are classified as static v.s. dynamic in the decision making dimension. This systematic classification of approaches of FDI theories is depicted as <Figure 1> and according to this systematic structure of approaches, FDI theories are summarized as <Table 2>.

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