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FDIinaNewTeoreticalApproach
ofthebetter-knowneconomictheoriesclarifythemechanismofconnectionsbe-
tweenforeigninvestmentandforeigntradeintheexistingscholarlyrecordinterms
oftheoriesexplainingthegenesisofforeigninvestmentanditsinfluenceoverhost
countriesandtheeconomyofinvestingingeneral.Contemporarytheoriesfocuson
thelinksresultingfromnetworkscreatedbyforeigninvestors.
TerehavelongbeenattemptstoclarifythereasonsforimplementingFDIon
thebasisofnumerouseconomictheories.Amongthem,onemayfindtheoriesex-
plainingtheinfluxofFDIinmicroeconomicandmacroeconomicterms.Tetheo-
riesmentionedemphasizevariousfactorswhichcreateforeigndirectinvestmentand
indicatethevariousconsequencesofforeigninvestmentatthemicroeconomicand
macroeconomiclevel(Table1).
Table1.TeoriesexplainingtheinfluxofFDIinmicroeconomicandmacroeco-
nomicterms
Inmicroeconomicterms,which
explainforeigninvestmentfromthe
pointofviewofthecompanyma-
kingsuchaninvestment,theseare,
amongothers:
Teoriesaboutinternationalportfolio
investment
Teoriesabouttechnologicaladvan-
tages
Teoriesabouttheinternationalpro-
ductlife-cycle
Teoriesaboutadvantagesofoligopo-
listiccompanies
Teoriesaboutinternalizationoffore-
igndirectinvestment
Teoriesaboutlocationfactors
Teeclectictheoryofinternational
production
Macroeconomictheoriesdescribetheinflux
offoreigndirectinvestmentfromthepointof
viewofthewholeeconomy.
Teyare,amongothers:
Teoriesaboutthelevelofeconomicdevelop-
ment
Teoriesaboutcurrencyareas
Teoriesaboutcomparativeadvantages
Teoriesaboutdynamiccomparativeadvantages
Source:M.Salamaga,Modelowaniewpływubezpośrednichinwestycjizagranicznychnahandel
zagraniczny:wświetlewybranychteoriiekonomiinaprzykładziekrajówEuropyŚrod-
kowo-Wschodniej,nZeszytyNaukoweUniwersytetuEkonomicznegowKrakowie.
SeriaSpecjalna.Monografie”2013,nr223.
Anotherclassificationofforeigndirectinvestmenttheoriesispresentedby
GórniewiczandSiemiątkowski,itreferstousingtheadvantagesofthecountryofthe
investment’slocationontheonehandandthemarketingstrategiesusedbyinvestors
ontheotherhand(Table2).
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