Export-Oriented Foreign Direct Investment in the People’s Republic of China: Division of Value Added between Source and Host Economies
Export-oriented foreign direct investment (FDI) has received a great deal of attention in the trade and development literature because it has been important to the growth of many newly industrializing economies (NIEs). By the early 1970s Helleiner (1973) had already pointed out that multinational firms were deeply involved in the expansion of manufacturing for export in Less Developed Countries (LDCs). In many cases such manufacturing was undertaken in export-processing zones or similar enclaves.
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