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?CR4WFJ0JA1 1N 17N ?YC+zOzBooRzxoDoWi%? w+zGJw+JeNDgGJzU%?+o+zig4Pk+c+zDk,z4AkzWkBBz|kzy(4)BkBo4c+zDkAkzGJkDoe4E+|BG_cUk!8k|zGJoKKdBL |zzzzD?CR4WFJ0JA1 2N 17NAbstractThe cluster of multinational investment and its influence to regionaleconomies is the hot spots of economic research nowadays. The author is trying toanalysis this influence with the basic knowledge of economical growth, industrialcolony and industrialization process. The predominance of mentioned regionaleconomies are low costs of transactions, specialized division of labor, scaleeconomy and cut-throat competition. There are some suggestions on how todevelop areas economy according to articles conclusion. The suggestions areregulating and standardizing administration and utilizing the profit ofmultinational investment concentration. Key words Cluster effect; Foreign invest; Regional economics; Industrialcluster?CR4WFJ0JA1 3N 17N- 1 D-(L5x)j4#,.D05,F . 42 D-(L5x)j4#,jf6 . 53 D-(L5x)A-j4#,6 . 73.1D-(XA-,63)(FP, .73.2D-(L5x)A-LG4#,6 .83.3D-(L5x)A-?G4#,_/j .114 5Ao1*A . 124.1k?5A .124.2)LG,o1*A .124.3)?G,o1*A .1369)d . 168$ BR . 17?CR4WFJ0JA1 4N 17ND-(,L5x)A-j4#,620 F4 90 A-EF,Fv-$CtF$?1JEAWD-(DE(X-$CtxWC-+a5-CRr3, 500 0WD-(49 400 JXA-Ct 7 #?L-pA-4#,15FO0cA-*3FF0;,FA-,D-(6CCWXF/GCXG,6F$n)D-(Ct,0/L5)B663T_XA-LG?Gj,=630-$_Cop#,)B(_A-X*?GW0Gn,UCFvCt?G,o1,6;D-()A?G,Ct-,G=wL 2000 8# 2003D-(X?G,CtGa+a 4.55% ;L 3.22%8 !X4#*3FD-(W? QL5,Y6D-(,L5x)j4#,jf+O,)wA-LG,-Lu1A-?G4#6+XEJjB3Jj,-?JX*393$F|CJF6,L5F+|,63+L5X7 w 2004-Y+XFCt,6 ?H=.D01 3O8 U7 2006L6x)D-(-Lu-$CtjF9,_/j4#.D01 4 O?CR4WFJ0JA1 5N 17N*3+O55,W1JFD-(jh,L5n-(2P5,?1JL5p9?AAD-(k,F2L5,XWG?WL54jD-(9jH,G?$19=-(,?/k?,?&10FCt)j4#2,_4F ,9&!Aj2jk9&!I)jWj2 1FJEG+XiM0n,&L$G6D-(L5x)A-j4#K,*Fv-$Ctj4#KL$X-p0/j)3_03+xD-(,L6xa_Fv-$CtXj,W? QL66j-LuJE0+4#*0)1*A2 D-(L5x)j4#,jf6D-(X0j,L5_)X-Lu4#0F*3F,0/)BDj0/-LuL$,4#)B+X-LuChC*6AG)j4#,6Wj,_9.,EHB$C!wD ,+O?3P/C*6A)jL5F/#,*6Ai$F-$P!wD*Jj,%L5x_0/Ha8f+|,L+O0gF_0/6+OW0;,V0Zp+O,HF/HB$_?4#,? Q4#xa_? QF4:UV,ELu,FBx,F/? Q4#J,B$a_0/JL5P!wDX,:4#*60J0j&a97-KO!|18kCJ,+O6F/CJF6F.A,N4q#qj,1J0-$1-p=,K61JL$C,83+$F0!,|848-1!L$L3R2j,&L$Ci+X,8$-jJ,L1Fj4#Z,CJF69FG4#xD-(X0j,L5_0J,Xj,L5XL5jWGCJ7 ;r. +7J 2005AD-(L5j,3+_8:1 5O?CR4WFJ0JA1 7N 17NF,1J6LX0CFJE68)? QF+O+O? Q,WF0!?r6,CJF-(,j1J)QCJF,6Q1J,+O)#9G? Q4#,1JFJEFG89? Q4#66K0vXd93$:63+65vB3!L$,+O7-+OCXGkj,1JX9kW,81J91H,|j?j,6LF/Z|jw$W,5L$F/wa5,Gj8v+aj,Z,f_8D,Y,62j0L$:,F,8$1,L51J9CO,1F/1880M9-(|8F_,E0+J,6Ct,K4#,KX-p7,3+08B$CtK4#K6! GDP ,GWX 5%-10%L$?G= 1%F-$,L?CR4WFJ0JA1 8N 17N?G,F-Ct GDP ,GX 19831987 6j 0.174%0.115% 19881992 6j 2.03% 0.24% 19931999 6j7,53% 1.15% 20002004 jj 16.1% 0.74% 2000 4jF-Ct-( GDP,G*:1=iF)0;4j=j5jn:WX 19961999 L$D-Ct)4#K,CQ)LGEjj 18.11%?G:mjj1.15%!1LG?G,4#K),2W49 90%_+aD-Ct63,2FP, 7 5,:pF CtCt,=wF65B$_D-Ct,=_A-iM0nL?Gj4#FOW,3.2D-(L5x)A-LG4#,63.2.1 D-(,L5xVj4#,!:pF ,D-(,L5j,Ct5QCt,4diJ4G,5j QD-(V4#E0;*),:5jFw5jCt,4#,K9jFqyK9,D-CtwK 39.2%Q*- 10.68% 6XK9D-()4#,V+XjwB$!Jhf 1%,D-Ct GDP aJ-(K 0.4715%8 F/4#:,K=PXG:$P4#,CXG:D-(L5,FV_X-LuL$,-$FL$E0+jP5J,iFPJ,-j4#?0 1 2O8 :/y 2005Fv-$Ctj6L,4#x6FJW 1 1O?CR4WFJ0JA1 9N 17NFP+X+eFJAA7A1jf9F1y|J4E.,q,Fj4jA-(J,G?*D-(,L5xjjKFPAJ,aJjJ5CaJFB/nJ,3.2.2 FLGjJL5,F0!),D-(X*3F,E0;G+Xk,+O44?6$!4Z=8,6|FH+(8FWG,CJF,?1J680/k,L&iF+|F61y1yF22j),FD-(L5FpV,xF,E.&AjAF2Fp)F|,)AQ,3PCXF6!D-(+O4G,1J,+O9,F+O55,F/55=_0/4#63+$_0/F63+F:,63+,1J!+F/+7-C#8!,+O1JG86:UK055*08!,(|3.2.4 A1J,2jjJD-(L$,L53+a8f+|,+O(/L$,-(3+0g_0Z+O13+5D-(L5j,1J_0Z,+O13+5D-(,LFPa-(F(/,X,(/Ct$Q(/,+O7-,|J0n,B*,)A-O1JY+Xo1!jfFP,1H,#aO1Jp7-Y+X,2jjJ6A)XX$!c1yFOP,iTP*L_0F+|B(J:=,D-(62wE6LoFE1y1y9-pH+83+,*3(#q1J,FP+xjF(=,O1J4:ULF/8jJ,A0MD-(,$*xa1Jp7-,L?A6#B1y5O-(1JD=JMbK,_1*6#O1J4X0/X ;=?CR4WFJ0JA1 11 N 17Nd,d=+H3!5$=8.hO.a7-jD-(,-(K3.2.6 j4#F$fXD-(D-(,L5FfJ+O)j4#,fLNY+X8DXCt_? Q1y,1H0MFJEW2j9)fh_(|x1y!fj,JA0MFJECF6j-(1JF6|JFaX/0;:)j4#16-A-LG,AJj4jD-(,Y20Jjj4#O6,?Gj)XpUM0phEF-(-$CtCt,L5x_V?G4#9G?H+?y,4#o1)?GjB$hED-(L5,FVjJ,_6,vL-pA-4#,$0no1,F$50+5?Gj,*DA68-D-(X.D0zk59/CtFo1T/G-_FJEo10nAD-(,#qL.*0CtFj1yK0-j*?Gj,LuA-F,o1)k?MF/#hED-Ct4=Z)FvX?GjM,a919Da_iP!wD,JL5*6AOHLG,4P6hED-(,-7XJL5,rM:jHD-(,M0r58CLGj-(X*.pACt):?GjhfD-(CtMF45),vLG,F/5)H=_0=,L-p-Lu6,4F#Ci,jFFZWF?GjY+X#q|,1A4,1HhE6FD-(?CR4WFJ0JA1 12 N 17ND-(6)63XLG,0+Oj!E0+?GF/E0+XLGj+O?3Pl=:w,);_7-,!D-(L5,4#x_G,9F4#KFOChCPFJ5HFw4KFPaJKjfwjB1y!x9=-?,COxA?-;Y+XD-(L5)j4#pC,0+X?-;XFZE0;x)*,COxGCYF4.2)LG,o1*A4.2.1 *01)jO1J=Ct8Ct0E$PFLGjXhED-(Ct,MOG+XFCtC-AFw,o1D-(Dp9,HO1J40Z=,1X,;B)D-(Ct_|-AFw:UFP,2j)!,EKIO1JWj9h,1F/WjH+?y:AB_FJE1JL$,H191HXFZE0;o,_A1J68D,Ct$H+Lh1,9Fg97-O1JXD-(L5,104.2.2 jFD-(,i=WG.dD-(L5L$,+O1K.?,FdD-(C1J&F|B3._V16B3D-(?CR4WFJ0JA1 13 N 17N_VY+XHF|=!16D-(-O!,Xj2j:i085O1JL$,7-63+6F5,0F4.2.3 *0_,jf-pj,0.DjFjBp.D,_aOHD-(,)9_-pG0*_,+X93$+XWu6Y+XD-(L5,_$*4P$*1yx!Ls,6M)4#*3FpV,WD-(,4:UH+F$#GCt$x)2j, ZAH+A#G+rLGjv?G,jf9-p,J3+?G-a_A-,j+e*9-pAJW,jfFP1J+e1J,j+eJ*.pjX-pD-?CR4WFJ0JA1 14 N 17N()XXF9Ct,&$#B99,G,JL5,(&?G,jY+XFHk,o1hED-(L5,FX!*.p:)6-(G,?1JUC1JL$,6_#q4.3.2 Y+Xj&hED-(FX4#*3F,Yj&*6Aj&f_hED-(F,G?3P?Gj9Ct$O1yjHG4/H,o1hEZh,D-(F_97-,?_0Z&Ct$W-16|JJ,(G-X+rE0+6!F$(+aJ:,63+F65a_0/E,|j=+XF|O,N#44FPD-,j5$FE=1y(JDL-pG(,F64,Vd&N,D-(B$+9W,B!?Gj,2*AY+X2,2jxhED-(,FPjL5Y+XL5,FxVEj,4.3.4 9xY+XJ6L&hEQ0LD-(,F?GhED-(Q0J9?Gj,Jw4)4#,DC?Q_Jk?OYCt$,6L.DCt,WG8fCt$*61y8f&,4E?P5J$C+OJL5xhED-(,L5FXA-,?Gj-1J2?G-G1y2F$j6MGJ,WLQ0.DLpCt$Hn47j,0.D7-7-O#FD-?CR4WFJ0JA1 15 N 17N(V,_j.DG_,F+XFj4M!+e8Z08ZY+O(f9*0;1y,.A_LJL6&_hEQ0_LD-(,&! ?Gj0Y+XCt$,HjFQ_LJ,L6&+XhED-(,FF?Gj,Q_J15F61*61O3 w 2004-Y+XFCt,6?H=.D01O4T! ,2003:Fv)-$Ct,)1-LuChCLN1O59 ,2003:FvCt-4#4#.D01O6PTS:W)MC8: 2005JL5j4#?+e0W1O7TD L.9X(#UW5$ S.5W:BR58+H1yB 2003?4#jJ*(x/n8J:PFh1yB 1999:1J? Q4#93$4#vO9)EP* 2002Fv-$Ctj24#KF+|4#1O10)T 2003:FCt)-J1J+Ox),.D01*6F+|1 4O11! 2003F-$Ct,j634#Kx4#.D01 4O12U7 2006L6x)D-(-Lu-$CtjF9,_/j4#.D01 4 O13PHL ,2003*3FD-(Ctj3+.D0F*60F1O14Duffie, Darrell, Stephen F. Gray, Philip Hoang, 1999,“Volatility inenergy prices” ,Risk Publications,London.15Hotelling, Harold, 1931,“The economics of exhaus
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