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KMID : 0616620010070030285
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Journal of Soonchunhyang Medical College
2001 Volume.7 No. 3 p.285 ~ p.294
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A Study on Songkang´s Changjinchusa
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Abstract
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Ever since the multinational corporation became an Important business in the world economy, endless effort have been made to measure its impact on host countries. In attempting to-measure and evaluate the contribution of FDI to host countries, several important points arise which are not always given the attention they warrant.
The first is to identify the criteria by which one should assess the contribution of FDI The second is assumption on what could have happened without it.
The third is perception issue of social and private costs and benefits of FDI. The fourth is quantification issue of assessing the operational Impact of FDI. With above several evaluation criteria we now turn to model analysis.
The neo-classical theory model concerns with-appraising the macro effects of FDI, providng a anaylitical framework, but it is over simplified, fairly ambiguous, and of limited Value.
The second model is reviewing the various areas under which gains and losses could conceivably arise; and then judging each individual case on its merits. This approach is very useful providing managers and policy makers with positive/negative effects on each case, but it is short of considerations on whatever was a feasible alternative.
The third model is univariable approach.. Generally Local Value Added is favorable parameter in evaluating the total economic effects of FDI.
However, the kind of foreign direct Investments in any host country is determined by the host governments´ volutary decision of inducement polices. therefore the effect of FDI on the host country is heavily dependent on the host government´s Inducement policy.
Recently. it is becoming increasingly recognised that the most realistic alternative model is government´s expected value/postwal value model.
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KEYWORD
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