World FDI, an ‘Unequal Partners’ and ‘Concentric Circles’ Design. Part I the ‘Tip of the Iceberg’
25 Pages Posted: 7 Aug 2016 Last revised: 9 Aug 2016
Date Written: August 4, 2016
This is the start of a series of articles on foreign direct investments (FDI) topic. Here recall a doctoral thesis and a postdoctoral paper involved, both debating about FDI. First of all, the FDI origin was there about three groups of theories, the (a) international trade based one (i.e. works of David Ricardo and Neoclassic Synthesis/HOS), the (b) product life cycle one (i.e. works of Robert Vernon) and the so-called (c) ‘eclectic paradigm’ (i.e. John Dunning) treating from the viewpoint of enterprise (i.e. microeconomic) development up to its international implemented stage. And the last might have continued on a large diversity of theories on multinational companies.
Our paper will here below approach a new view point, much simpler, i.e. on FDI flows and stocks at the international scale, as exclusively. This simple description will though challenge the above theories and first by a picture and a few facts reflecting description on all understanding. Theories above might see some of their conclusions here and there completed and/or even contradicted by this paper in context.
Keywords: foreign direct investments (FDI), direct investments abroad (DIA), external balance of payments (EBP)
JEL Classification: F29
Suggested Citation: Suggested Citation