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Nowadays multinational corporations have three main alternatives to realize international entry. Globalization.
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Nowadays multinational corporations have three main alternatives to realize international entry. They are foreign direct investment, exporting and licensing. With the process of globalization, more and more multinational corporations adopt foreign direct investment. "Foreign direct investment occurs when a firm invests directly in facilities to produce and/or market a product in a foreign country." (Hill, 2002) At present, foreign direct investment plays an important role in the world economics; the growth of FDI is even faster than world trade and world output. The statistic figure shows that the growth of FDI, world trade and world output is more than 900 percent, 121 percent and 34 percent respectively between 1984 and 1998. (Data source: World Trade Organization, Annual Report, 1998). Although the developed countries have occupied the main position of the growth of FDI, FDI also grows quickly in some developing countries. "From 1985 to 1990, the annual inflow of...
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