Foreign Capital Utilization in Manufacturing:Comparison Between Pre-industrialized Countries and China and Its Enlightenment
In the late stage of industrialization,foreign capital utilization in manufacturing in pre-industrialized countries showed regularities such as the transformation from the dominance of manufacturing to the dominance of services and the simultaneous growth of foreign capital utilization in manufacturing and services.At present,China is stepping into the late stage of industrialization.Comparing the differences in foreign capital utilization in manufacturing between China and the pre-industrialized countries at this stage,we can find that China's economy takes domestic circulation as the mainstay,leading to the low quality of foreign capital utilization in services and the relatively slow pace of industrial upgrading.Meanwhile,multinationals adjust global strategic layouts at this specific period.These are the key factors for a fluctuating decline in the scale and proportion of foreign capital utilization in China's manufacturing.In the current situation,initiatives should be taken to adjust the strategy of foreign capital utilization in manufacturing,so as to stabilize the amount of foreign capital and improve the quality of its utilization.
pre-industrialized countrieslate stage of industrializationmanufacturingservicesforeign capital utilization
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