Research On The Optimum Scale Of CODI

As the primary way of international capital flows at present, the Outward Direct Investment is becoming new motive force of economic growth of the world. In recent years, with the fast development of the economy of our country and the improvement of opening to the outside world, China's overseas investment is in the ascendant and surging forward. However, compared with most countries, no matter the stock of overseas investment or the flow in our country, no matter considering in the mass or from the individual or compared with scale of foreign capital importation in the same period, China's Outward Direct Investment (hereafter as CODI) has been at a lower, less reasonable level all the time which causes a pushing effect of ODI on China's economic growth not to give full play. The Outward Direct Investment (ODI) is important reflection of international competitiveness and opening of one country. It's regulating function of international balance of payments signifies much and much. So the study on the optimum scale of CODI seems particularly important. This thesis compares the scale of CODI with that of other countries from many angles on the basis of concept, connotation and function of Outward Direct Investment to make an elementary judgment of CODI. Then it starts with two subsystems of what the optimum scale includes―necessary scale and safe scale to construct index systems of optimum scale of CODI. Lastly, it puts forward to practical suggestions on the optimum scale of CODI.The thesis is divided into five parts. At first, it is the introduction that sums up the background and meaning of the selected title, the characteristic and method of research, the main contents and basic framework of this article. In chapter one, the writer defines research range. Concept, function, general theory etc. of research object―Outward Direct Investment are expounded and differences between research object and other investment are distinguished, which lay the foundation for better exposition of proposition. Chapter two reviews the development course of CODI. In contrast with the foreign trade and the Foreign Direct Investment of our country, through the international comparison of the proportion to GDP, conclusion is drawn that the present scale of Outward Direct Investment of our country is still very small and need to be advanced energetically. Chapter three is the key part of this thesis. The article applies traditional economy theory to structure the theory model of the necessary scale of CODI through qualitative and quantitative analysis. Next the writer emphasizes on analyzing the effects the scale of CODI has on national economic security by balanced model of money market and empirical data and regards foreign...