BEIJING, Nov. 28, 2016 /PRNewswire/ -- The Hinrich Foundation, a non-profit organization which aims to promote sustainable global trade, is announcing the findings of a major project on the impact of Foreign Direct Investment (FDI) in China. The study was sponsored by the Hinrich Foundation and directed by Professor Michael J. Enright, a leading expert on international competition and strategy. It uses China as a case study to analyze the impact of FDI and illuminate the mutually beneficial partnership between investing companies and host economies. The results are reported in Enright's recently published book, Developing China: The Remarkable Impact of Foreign Direct Investment, which was also supported by the Hinrich Foundation. (Published by Routledge)
The study takes a multi-faceted approach -- which includes tracing the evolution of China's policies toward foreign investment, compiling key facts and figures, reviewing existing academic work and preparing various company and city case studies -- to showcase a wide range of economic benefits to the local economy. The project involved a first of its kind economic impact analysis of foreign investment on China's economy. The results indicate a substantially greater impact of foreign investment and foreign invested enterprises (FIEs) than what is generally understood.
"China's experience with FDI shows that foreign investment can be enormously beneficial to host economies," Professor Enright said of the project. "The multi-faceted approach provides a more comprehensive view of FDI and the impact it has had on the country than what is generally available. We believe the results are highly informative for policymakers, foreign-invested corporation managers, chambers of commerce, and communities elsewhere in the world."
Key findings from the book include:
The study, along with Enright's book, provide insights relevant to:
"Foreign Direct Investment in China has been an essential ingredient in China's trade development. Professor Michael's J. Enright's findings come at a pivotal time as other developing countries, such as Vietnam, India, the Philippines and Indonesia, evaluate their approaches to FDI, while the developed world considers the role that foreign investment can play in infrastructure redevelopment and the creation of next-generation industries," said Merle A. Hinrich. "It is our hope that both government policymakers and business executives will find this book a useful reference point as they chart their course for economic development and trade expansion."
About the Hinrich Foundation
The Hinrich Foundation, established in 2012 by Mr Merle A. Hinrich, believes sustainable global trade promotes economic prosperity and peace. It aims to encourage individuals, the private sector and governments to drive innovation and competitiveness in trade-related activities by focusing on three program areas, namely trade scholarships & careers, export trade assistance and international trade research. For more details about the Foundation, please visit http://www.hinrichfoundation.com.
About Professor Michael J. Enright
Professor Michael's J. Enright, a leading expert on competitiveness, regional economic development and international business strategy, became the Sun Hung Kai Professor of Business at the University of Hong Kong in 1996 after six years as a professor at Harvard Business School. He is also a director at Enright, Scott & Associates and a founder of The Competitiveness Institute. Professor Enright has consulted for companies, government and multilateral organizations in more than 30 countries on six continents on international business strategy, competitiveness, regional clustering, technology policy and economic development. He has also appeared in 40 countries as a featured speaker, and has authored numerous books and monographs on international competitiveness and China's development.
Hinrich Foundation Press Contacts
Kathryn Dioth, Chief Executive Officer
E-mail kathryn.dioth@hinrichfoundation.com
Tel (852) 2555 5020
Stephen Olson, Research Fellow
E-mail stephen.olson@hinrichfoundation.com
Tel (852) 9889 5510
Douglas Dew
Email douglas.dew@bm.com
Tel (086) 5816 2588