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?CR4WFJ0JA1 ?c*yazGJ4Zk*yaGzGJUWOyPo+N+*yaMk%5+Nk)Oe,xC1*yazGJM$%ox*ya+N0o5o*yaVB,okzKo*+Nk4*ya+NGJ7ikw+g4o4Ek4+N+9*yzGJ$UoN5k*+Nk4*ya FDI yk6a4oS+|kUk|6io+Nk*yackw Jk*yazxoKKdBL +N c zxAbstract?CR4WFJ0JA2Since wholly foreign-owned enterprises, Chinese-foreign joint ventures andChinese-foreign cooperative enterprises have made a great devotion to thedevelopment of Xiamen and have been the main power and the backbone, it shouldbe an important and practical problem( not only at present, but also in the future) howto recognize FDIs importance of the national economy and how to have a bettertaking advantage of FDI in Xiamen. There have been few articles about FDI inXiamen. Because the thing in Xiamen is sensitive and different from the other cityof China and relative to the situation between Taiwan and the mainland of China, evensometimes its difficult to explain it using economic theories.To begin with, the author summarized the theories and motives of FDI. Based onit, makes a thorough analysis of the importance of FDI to Xiamens development.Next, the author reviews the history of FDI in Xiamen and analyses its features andcombine it with the substantial to analyze why the foreign enterprises invest inXiamen. Thus, set up a model of structure about the main factors having positive ornegative influence over taking advantage of FDI in Xiamen and point out that thegreatest negative one is the small market after analyzing those factors deeply. At last,on basis of the whole thesis, the author put forward a suggestion -give up thefocused strategy while a related diversification strategy involving partly unrelated oneshould be adopted to build competitive advantages and take advantage of more FDI inXiamen.It will accelerate economic growth of Xiamen.K Key WordsL Foreign Direct Investment Related Diversification StrategyEconomic growth?CR4WFJ0JA3- 1 ,A .41.1-(%+| .41.2)5,F .41.3F9N,+a .51.45 .5L2Y+XFCt*,(&6 .5L2Y+XFCt,*(&6 .52.2 L2*(&6 .83 Fv-$Ct)L2*ChC9Y .91 F*G .93.2 *v5HF .93.3 *2jJsF .93.4 j1J,17- .103.5 L,.= .104 Fv-$Ct)L2*ChC=Y .104.1FCt$j63E0 .104.2 5j9EW,W1J .114.3 EFFCtFPW,1 .114.4 Y+XFCtP,FjH6F!za .114.5 vECtjfXB(J=B3 .115. L2Y+XFv-$Cto1*A .125.1L2Y+XFv-$Ct,H+F9 .125.2 o1*A .1363) .158$ BR .16?CR4WFJ0JA4FDI)L2*ChC,1 ,A1.1-(%+|-LuCt9Ct?,=|-Lu-$Ct0 j)F-$CtF-$CtFv-$Ctk?+XFv-$CtF0_BFk?_jA- (f5L2 )hfY+X,-Lu-$Ct=$0-F9-(G6$A-,O$_%L$j :9#08?y:,-Lu-$Ct*6A-(LN&I+X)F-$CtFF-$Ct1y#1.2)5,F WG665Aj FDIXLF-J+O_$*xFLF-,_F!QLF-,4#x)WLF-,*6|-$Ct6 Q,.Df+O60D-(X R&D*.pA4,E-.D0AAFJE FDIX,-F|+O6|6*.43PL$3+, Q)4#K_F!CtC|0W.D0j.D0-LuCt4#K,3+*.pv9651-(,?&Aj*_D,X FDI X?CR4WFJ0JA5LF-,_$*xjM&65F, Q+X1!W#b50W2j,x5A_ChC+O?3P0+ (5 FDI)4#K,+X4#K QhWXA-AJ659,AM:= 2001 Y+XB! Q)4#*3F-4#K,3+F|6Aj*3F (5FvCt )-4#K90,F+Xv-Ctf_A-4#K,k?C 2001 XWG6FCt#q,-$4#x,*.p:*0F FCtA- GDP 1yk?4#77L$-(3+, Q)FCt#q4#K,3+F|AG6Q* 2002FJE3+P7*7-O 96.6%,).F-$CtV-4#+O4#KF|A6P1.3F9N,+aiM0nL(jFv-$CtEFO,5-vX0lG?,LN 1996 L2Y+XFv-$Ct*)n,;%1m1-L4+|#?LY+XFv-$Ct,=?vL2Y+XFv-$Ct,1MhAjL2,LN(O#p,-(WMhj9&+J8#L+X94#,*6AGF9LY+XFv-$CtLN,1?B(1v.D0WJ=Z$!pL)(,1Aui-Lu?*Z,0*A-;#FJE)L2Fv-$Ct,*6*6*Fv-$Ct)L2*,9Y=Y+XA6XM,6*.p:k5*L2Y+XFv-$Ct,H+F9 . *L2,H+F9_ :+aLFH+E$Q 2.1p/jn 2.1*yag 1984-2004h- H8n,BWCXCt,5WJ_$_%v92.56%L4#(jC!AWD?!F,Lf!L-pY+XFCt,FJLFA4#0.dW,F(j+a?WJr!Q,0nlp?CR4WFJ0JA7FOKO 19918# 1995F0&O 1991,1992L2Y+XFv-$CtCA04#(j,0ZQ% 199114 213N-(k,=JkCtHNE 515sEFFCt 27.55s6jk 2.7 2.5= 1992L#mB84#_,v 1991F0=1A9Ct1J8|G 1B3O 19968# 2004F0Lf!FvCt,_LCtHLN-JFvCtNw? QE0Q 2.1-;*FvCtN? Q0QE 4000J75s=wO 20048#F0&O_L2hfQ_N-D-(CtN-0J_FvCt1J0c,&O0G&FvCt1JKCvCtEFOWJCt1J,2j07-Ej* 70%:,FA1JJ 70%:,Ct1JCtW+O4:U? Q-L2Y+XFv-$Ctkx)*;(&Fv-$Ct,A-;1JjkFvCt+OWN-8|J 2.1-;* 1999 FvABCtJ,CtABkCtN, 33. 52%,6)D-(,hEF$W2 Fv-$Ct,$,- (j )-;x)$_Ctjkv!W51yE-,Ctx=:w,CX,FvCt1J$_CtGEWO$_Ct 50.1%$Ct 20.81CtkNE 150 5s: ; !W5CtN8M=B$08851?CR4WFJ0JA8J 28.14%.4 Fv-$CtX4#,-;X9Ct1JX24#kpU,+XFQ-k,9Ct1JJkl2Jkl, 85%#F*l2F4ChF*kN, 65%#F0f20fkN, 36%#hf4 40J72.2 L2*(&6JL2,*G-_Qu,K-;-;,* 2.2 p/jn 2.2 *yaMy+Ng 2000-2005h%yyghN- * LuY+XFvCt2000 587 982 103 1502001 650492 1152712002 639319 1190142003 1 055 304 422002004 1 394 612 570242005 2164873 64187Ct$iL2L24#(jH 2000-20054*6 2.2-;* 2000L2-$Y+XFCtMdEW,LFvCt,d15;Lk?ChCIdEChCK18 2003_L210WChCIdChCNj 43.1 5sK 38.2%L2)FChCkl, 23%)5-*N 22.65sK 21.6%*kl, 21.4%)!W-*N 14.45sK 23.8%*kl, 13.7%j+e*zL2j+e* 54.6 5sK 31.7%Xk*pGE 51.7%:Q 4.6Z,6&)*CQ)j 74.6%j+eF 48.35sK 48.6%?CR4WFJ0JA93 Fv-$Ct)L2*ChC9Y3 1 F*G L2FvCt1J)F*=W 2003 L29Ct1J* 30 5s 2004 IE 40.3 5s 2005 2F*kNE 300.495s*kl 216.48 5s:0K 32.52%;Fkl 136.485s:0K 18.07%2F*ChCN 80.15s9Ct1JF*kNE 130.79 5s*kl 80.26 5s:0K38.07%;Fkl 50.88 5s:0K 22.17%9Ct1J,ChCN29.385s 2006L2*u4Q-,wdQ*-u 4.72 Z,6&6FvCt1JL2*K,G?$3.2 *v5HFL-p4#,iM0nMOL2)F*M4jk,ChClpWi?6? Q/?y:AF+|4#=D,3Pi5a_0Z2j,3PL22? QW4#kGW*-,GJ)-F2j,C0;6WWEF+|4#=D)L2Y+XFv-$Ct,f40;L?CR4WFJ0JA10 3.1 p/jaZ-,0gY+XFv-$Ct9v+a-2j,W%D-(44F9-CtA63+pKFP,L$aJjJ)Ct$,0pC,/j93x 2I)L2WaJQ-Af,CQ)$j?L-pY+XFCt=A4$!FvCt1JjL2CRof,*G?CQ)Fk?)X)0f,CQ):L2,#F0fKa20002#F0f 33. 38s20f,GE 37.21%3.5 L,.=A2M0? Q4#kG:-;L28#J7-1_0Z=C-l,1y2f6L(jCt)JZECF+|WJ-jCtv,#0MB$L(j)FECtJ9W%4.2 5j9EW,W1JMb,LNlG?0_$!c(j 40JF- 500jFvCt1J-(L(jn-(?4_L(jFvCt1JJ0F 10jX 100j9LF16_=1 366T=1 569_L(jF- 500j, 12FvCt1JA_wK0NF_wCtNwn- 500j,wdF 12FvCt1J 1998 wK0Nj 10.42s-(- 500jwK0N,86.69wCtNj 9.35s-(- 500jwCtN, 67.024.3 EFFCtFPW,1OxW)3P0MF+|4#LH=j,+.OL9%?,K0M-4#F+|W4#=D,FCh*U+)4#K,7-q69L!Qo13P62jG3PL(j2jG=? Q2jG,LfL2Ct)CXG$!(=YhEFXF-2j,Ctv,Ct4.4 Y+XFCtP,FjH6F!zaL(jY+XFCt,$3PF!za,C,nv)WLv,CtB$*6$JEAK9#bj*9#bj!$3P)L(jY+XFCtJ+OJW,x*$.7,A4.5 vECtjfXB(J=B3Ox4jL$=OB30_+a48jo5j20-,vN6?%=OB3EF,FvCtN-*)9J9A)B?CtN-JWN-(_D-(CtALN-JxF_Q0CtN-A+OW1JJ_.D00,jA5. L2Y+XFv-$Cto1*A5.1L2Y+XFv-$Ct,H+F9M)D-Ct,C-FvECtC%&,1lpj55WY+XFv-$CtC1HL2,H+F9_ :+aLFH+E$QVF!pF -LuW)-?DI,8WFE_ANY,G?FB$L2XY+XFv-$CtMd-p16|H+,AA*6,*.p:F2)+riF ;CF|H+$XY+XFv-$CtC1H;. 5.1p/j3 Barrell. 1997, (107),R, Pain.N. Foreign Direct Investment, Technological Change and conomicGrowth in Europe. The Economic Journal.17701776?CR4WFJ0JA13. 5.1j15,1Hl5.2 o1*AFJE)L2Y+XFv-$Ct,*(&F|6X!*.p:.D0F-$Ct,9Y=Y*L2Y+X FDI,3P,5 QF0!)F3PF|$!67*2jG?_0i,3P6k5*L2Y+X FDI,H+#5,8F=Y,6,*5A_ :FCt$j63)0,LN-;L2WFCt$-W)!W#b4#,*9#b,vECt,1D+aL22? Q4#kG,a?E8$,2jG,)?8$F016L#L!L2Nu6U$_o1,HY+XF,Hs,AhECtL4-Fv,Ct!j*.pWY+X!W51yD-(,Ct!p*,=8JgFH+,F2G+X?CR4WFJ0JA1569)d15 5 Ag:X5ZD1 DgB*B . 1992. 34# .G :-*(x/n2 Q* 2002Fv-$Ct-4#K,3+6 .F+|4#F9971013 -5Ap . 1990-2000-5AH .G-5A*(x/n4 L25Ap .1999-2005L5AH .-5A*(x/n5QToJ 1996?4# .G :-4#*(x/n 18(x6?A 1996?4# .G-/nJ0*(x/n 98(x7 M:= 20014#*3F)-4#K,CQ)6 .4#*6A4#1*68 91y 2001F-$Ct_F$+O4#K .-/nJ01 5O1 8293N9?$5 1987)FChC*6A0W*(x/n1 13-57N10*U 1997FvCtFCto1,6G4#0*(x/n1 12-34N11C . 2001Y+XFCt-4#K .GA*(x/n1 2327N12 Arthur A.Thompson, Jr.A.J.Strickland III. 1998.7Strategic Management: Concepts andCases.-(x ).G :jJ*(x/n13 Barro, 1999 R. Notes on Growth Accounting. Journal of Economic Growth. 11913714 Borensztein,E.,J. De Gregorio and J-W.Lee. 1998.4 How Does Foreign Direct 4Investment Affect Economic Grow
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