German Foreign Investment in Emerging Latin American Markets

德國在新興拉丁美洲市場的海外投資

Jaime Ortiz ； Kassie Freeman ； Tobias Wollenhaupt

《輔仁管理評論》 14卷3期 (2007/10) Pp. 43-65

摘要

德國在四個拉丁美洲經濟體海外投資中，反應了當區域進口替代產業策略普遍實施時，德國多國企業面臨嚴格出口限制的情境因素。為了克服這個效應，他們大量投資設立子公司，並生產在嚴格保護市場中所無法進口的產品。以現階段而言，德國在拉丁美洲投資的海外投資子公司，已經主要導向為以拉丁美洲生產進而將產品行銷全世界。

關鍵字

海外直接投資 ； 多國公司 ； 德國 ； 拉丁美洲

並列摘要

The determinants of German FDI to four main Latin American economies reflect the stringent limitations German MNCs had to export their products when the import substitution industrialization strategy was implemented throughout the region. To circumvent its pervasive effects, they invested heavily to open up subsidiaries to locally produce what those highly protected markets could not. Nowadays, German FDI as primarily been directed to expand the market presence of German MNCs by modifying their operations in Latin America in order to sell their products worldwide.

並列關鍵字

foreign direct investment ； multinational companies ； Germany ； Latin America

參考文獻

Amann, E.,W. Baer.(2003).Anchors Away: The Cost and Benefits of Brazil`s Devaluation.World Development.31,1033-1046.

Asiedu, E.(2006).Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability.The World Economy.29,63-77.

Baumann, R.(2002).Brazil in the 1990s: An Economy in Transition. Houdsmills, Basingstoke, Hamsphire.New York:

Benavente, J,C. Johnson,F. Morandé(2002).Debt Composition and Balance Sheet Effects of Exchange Rate Depreciation: A Firm Level Analysis for Chile.Emerging Markets Review.4,397-416.

Biglaiser, G.,K. DeRouen(2006).Economic Reforms and Inflows of Foreign Direct Investment in Latin America.Latin American Research Review.41(1),51-75.