资源描述:
《新加坡外国直接投资的因素和影响【外文翻译】》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、外文翻译原文SomeDeterminantsAndEffectsOfFDIInSingaporeMaterialSource:AsiaPacificJournalofManagementAuthor:DonaldJ.LecrawINTRODUCTIONSingapore,asmall,opennewlyindustrializingcountry(NIC),hasreliedheavilyoninternationaltrade,finance,andforeigndirectinvestment(FDI)foritseconomicdevelopment.Therehas
2、alsobeenasignificantamountofoutwardforeigndirectinvestmentbyfirmsbasedinSingapore.Singapore'seconomicgrowthandstructuralchangehavebeeninlargemeasureduetoinwardandoutwardFDIandinternationaltrade.Singaporehasthemostopeneconomyintheworld.In1982,grossexportswere150percentofgrossdomesticproduct
3、(GDP)andeighttimesmanufacturingvalueadded.Inthesameyeargrossfixedinvestmentbymultinationalenterprises(MNE)wasalmost$S6billion,equaltoonethirdofGDP,thehighestshareofanycountryintheworld.Singapore,anislandcitystatewithapopulationof2.4million,received2.2milliontouristsin1982,andwasamajortrans
4、portation,communication,financeandtradecentreforSouthandSoutheastAsia.Ingeneral,thegovernmentofSingaporehasimplementeditsoveralldevelopmentstrategythroughtheprivateenterprisemarketsystemanddevoteditseffortstoinfluencingthemacro-economicenvironment--tariffsandnon-tariffbarrierstotrade,theex
5、changerate,taxation,savings,theinvestmentclimate,finance,laborrelationsandwages,humanresourcesandinfrastructuredevelopmentsothatprivateenterpriseswouldbeattractedtoinvestinindustriesinwhichSingaporehadacomparativeadvantageandtheprivatesectorcouldsuccessfullyfulfillthecentralroleithadbeengi
6、ven.Manygovernmenteconomicpolicieshavebeenconsciouslydesignedtofollowa'Japanese-style'developmentstrategyinthattheytrytoanticipatethetrendsinSingapore'sfactorandproductmarketstofacilitateandaccelerateeconomicrestructuring.Singapore'sexchangeratepolicy,however,hasgenerallyworkedintheopposit
7、edirection.LiketheJapanese,theSingaporegovernmenthasintervenedintheforeignexchangemarkettomaintaintheSingaporedollarbelowitsfreemarketlevel.ForeigndirectinvestmenthasplayedacentralroleinSingapore'seconomicdevelopmentstrategy.1Sinceforeign-ownedandjoint-venture