Research On Enhancing The Efficiency Of Utilizing The Foreign Capital Of Our Country

The research of the relationship between attracting the foreign capital and the economic development has been attracting the attention of economists for a long time. But how about the efficiency of utilizing the foreign capital?This paper puts the focus on the EUFC (the efficiency of utilizing the foreign capital) and carries out the research and discussion on three aspects: theoretical study, positive analysis and policy study.Firstly, this paper analyzes the UFC theory of MARXISM, generalizing the opinions and discussions of UFC from MARXISM and other western economists to explain the definition of EUFC. Then, Positive analysis is mainly concerned about the EUFC which composed of micro efficiency and macro efficiency.Secondly, through the analization of the difference between the developed countries (America and Japan) and the developing countries (Korean and Singapore) in EUFC, It can give u more consideration on EUFC in our county.At last, this paper discusses the factors that influence the EUFC in four respects: technology, institution, and market structure and scale economics. This thesis holds that the four factors mentioned above are the dominant determinants influencing the host countries on the EUFC. The analysis in the four factors is respectively based on technology diffuse theory, institute economics, industrial organization theory and scale economics theory.