CAJ | 학술논문

邓宁的国际投资发展阶段理论主要探讨一国对外直接投资的流人和流出状况同本国经济发展之间的关系。根据1979—2007的数据所进行的研究表明，中国同际投资发展阶段在整体上滞后于经济发展水平。其原因主要在于：全球化的影响、体制和政策的问题、巨大的国内市场、企业自身的问题、贸易对投资的替代以及东道国的因素等。中国进人投资发展路径第三阶段之后，吸引外资和对外直接投资的主要特征将发生巨大变化。
산저적국제투자발전계단이론주요탐토일국대외직접투자적류인화류출상황동본국경제발전지간적관계。근거1979—2007적수거소진행적연구표명，중국동제투자발전계단재정체상체후우경제발전수평。기원인주요재우：전구화적영향、체제화정책적문제、거대적국내시장、기업자신적문제、무역대투자적체대이급동도국적인소등。중국진인투자발전로경제삼계단지후，흡인외자화대외직접투자적주요특정장발생거대변화。
Dunning＇s theory of Investment Development Path {IDP} mainly deals with foreign direct investment （ FDI} inflow and outflow and their relationship with the economic development of a certain country. Based on the data of 1979 -2007, the study reveals that China＇s international investment remained behind its economic development. It is argued that the main factors for this phenomenon include the impact of globalization, the constraints of the system and policy, the enormity of＇ the domestic market, problems with corporations, the substitution of trade for investment and various factors of the host countries. Once China enters into the third stage on IDP, the features of inbound and outbound FDI will undergo great changes.