| United States has been the largest country of Outward Foreign Direct Investment (O&FDI) since the Second World War. As some new characteristic of the United States O&FDI appear in recent years, this thesis aims to find out them from industrial and regional angle.In the first part of the thesis, there are classical FDI theories associated with industrial and regional choice. Also, some typical research literatures are summarized.In the second chapter,2003 backward data including some predicted ones of 2010 are used to research the industrial and regional structure of U.S.O&FDI, from both stock and flow, monetary and number of affiliates'aspects. Some conclusion are found:In 2003-2009, the U.S. O&FDI shifts to the information industry, nonbank holding company, machinery manufacturing, computer and electronic product manufacturing, electric equipment manufacturing and mining industry by large equity investment and earnings reinvested; With Europe receiving the largest amount of U.S.O&FDI in stock and flow, Latin America, Asia and Pacific have the fastest growth rate of U.S. O&FDI. These characteristic demonstrate the demand of the U.S. parent company to use the capital and technology advantage of U.S. and to obtain the factor endowment, market size value as well as to control risk.After this, the thesis analyzes the relation between U.S. O&FDI and GDP, International Trade and employment in recent years. It is found that as O&FDI climbs, GDP and international trade ascend with a small decrease in 2008. Especially, the O&FDI has a stronger correlation with export and export price index than import and import price index. The unemployment rate descended before 2008, but maintained highly after it, which means that O&FDI's positive influence may not exceed the negative effect from the 2008 financial crisis. In the last part, based on the U.S. practice and the study above, author give some suggestion to the parent country and host country respectively. |
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