Analysis of Strategies for Promoting Technological Innovation in Enterprises through Bilateral Direct Investment
Abstract
Since the reform and opening up, China has consistently adhered to an international strategy of “opening up to the outside world,”
especially after 2014, when China’s foreign direct investment (FDI) and outward foreign direct investment (OFDI) have been running neck
and neck. In this context, many enterprises have chosen to engage in bilateral investments with developed countries to gain more learning
opportunities from advanced economies, thereby achieving breakthroughs in their core technologies and promoting the construction of an
innovative country. Building on this, this article conducts an in-depth analysis of the mechanisms through which bilateral direct investment
promotes technological innovation, which are mainly manifested in the cross-border flow of knowledge and technology, the integration and
optimization of innovative resources, and the improvement of market and competitive environments. Corresponding development recommendations are then proposed.
especially after 2014, when China’s foreign direct investment (FDI) and outward foreign direct investment (OFDI) have been running neck
and neck. In this context, many enterprises have chosen to engage in bilateral investments with developed countries to gain more learning
opportunities from advanced economies, thereby achieving breakthroughs in their core technologies and promoting the construction of an
innovative country. Building on this, this article conducts an in-depth analysis of the mechanisms through which bilateral direct investment
promotes technological innovation, which are mainly manifested in the cross-border flow of knowledge and technology, the integration and
optimization of innovative resources, and the improvement of market and competitive environments. Corresponding development recommendations are then proposed.
Keywords
Bilateral Direct Investment; Technological Innovation; Strategies Analysis
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DOI: http://dx.doi.org/10.18686/fm.v9i2.12437
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