| Launched by the Asian development bank, the Greater Mekong Sub-region organization for economic cooperation was established in 1992, which aims in further economic communications between members and common prosperity and development. Originally, six countries or regions along Mekong river joined the organization, they are:Thailand, Vietnam, Myanmar, Laos and Yunnan China. Guangxi province of China joined it in 2005. In the past twenty years, the economic integration of GMS has developed further, foreign direct investment has been increasing year by year and the scope has been expanding, involving infrastructure construction, technological and cultural communications and so on. Nowadays, foreign direct investment received by GMS comes from not only developed countries but member countries of GMS, which has been new breakthrough. China introduces FDI from GMS and participates in the action at the same time. China has played an important role so far.Based on the introduction of foreign direct investment from GMS, China being the main body, this thesis analyzes capital formation effect and technological absorptive capability. The main frame may be divided into the following three parts:The first part is the introduction and related document description. This part introduces the background and significance or research topic, applied research method and barrier. Then we reviewed the related theories which provide a good idea for the following analysis.The second part makes analysis on FDI inflows, China being considered host. This section mainly adopts currently popular econometrics methods based on the data of 1992 to 2008. We have found that the FDI from GMS has "squeeze-out" effect. And we have chosen nine quantified indictors to analyze technological absorptive capability.The third part makes some suggestions on China introducing FDI from GMS. This part talks about which industry for FDI flowing to and how China absorbs FDI according to the former analysis results. |
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