The Investment Development Cycle Under Export-oriented Type Economy

Shenzhen is a city that has developed export-oriented extremely developed economy; After Enters stages of 5,000 US dollars average per person GDP, what is the characteristic of Shenzhen's import, export, using the foreign capital and doing foreign investment being, how to meets this kind of reforming need, promotes the national economy, has become an extremely urgent realistic question. This article has utilized the Dunning's investment development cycle theory to analysis the economy of Shenzhen, especially the relations of the international trade and the international investment development. This article thought the investment cycle theory is adapt to analyzing a city's export-oriented economy, after empirical study of the correlation dependence between GDP and the import, the export, the foreign capital, the outflow capital, and the reciprocal correlation dependences of the import, the export, the foreign capital and the outflow capital, and judged Shenzhen have occupied the third stage in the investment development cycle. At the same time, according the general characteristic in the third stage, analyzed the countermeasure of international trade and the international investment to develop Shenzhen's economy, which is mainly to enhancing product's high creative property denseness and technical content, to cultivate ownership specific advantages, location specific advantages and internalization incentive advantages, and then gave some feasibility countermeasures. This article attempt to utilize the investment development cycle theory to a city's analyzing, at the same time, drew countermeasures of international trade and international investment to Shenzhen's economy development at the present stage. Thus, this article does some beneficial explorations to investment development cycle theory and to the practice for Shenzhen's export-oriented economy.