外商直接投资与制造业的增长：马来西亚的经验外文翻译.docVIP

外文翻译 原文 Foreign Direct Investment and Manufacturing Growth: The Malaysian Experience Material Source: Business Research July, 2008 Author: Gopi Krishnan On the basis of the empirical analysis (the ARDL approach) it is found that FDI plays an important role in determining he progress of the Malaysian manufacturing firms. Hence, the mobility of FDI could ultimately alter the progress of the manufacturing sectors. Given the increasing trend of modular production systems, the mobility of multinationals operations has increased. For instance, China’s cost advantage cum with huge domestic demand had increased the potential of shifting among foreign investors . Indeed, in recent years it was evident that few of the contract manufacturers have shifted their operation from Malaysia to China. Although, the Chinese and Indian markets provide much catalyst for growth, the foreign investors strategies to tap the fast growing Asia Pacific region namely regions near to Malaysia would inevitably bring FDI into Malaysia. With the ready availability of good infrastructure, political stability and moderate overall cost, Malaysia is still attractive for FDI provided that the other potential areas are further developed. Until now, it is notable that policy concerning FDI liberalization in Malaysia is still tailored towards providing incentives and other forms of aids for the foreign investors. We suggest that the next viable policy direction of Malaysia should focus on providing the needed complementary assets realizing the importance of FDI and labor force in the long run. On the other hand, strategies to enhance the lack of technical progress are further recommended. Hence, the policy recommendation in this section is solely tailored towards enhancing complementary assets in which Malaysia is relatively weak. Three core strategic thrusts in developing the complementary assets is our emphasis. First, strategic trust should focus on improving productivity and innovative capabilit