Does “De-globalization” Have an Impact on China's Foreign Direct Investment

Abstract

Abstract: Based on entropy theory,the degree of "de-globalization" of countries around the world is measured.The theory of "proximity-concentration" the influence mechanism of "de-globalization" on Chinese foreign direct investment (OFDI).Empirical this article tests the influence of host country's "de-globalization" measures on Chinese OFDI through China's investment data from 2003 to 2018.The results show that:(1) According to the calculated "de-globalization" index,"de-globalization" has broken the original trend of economic globalization after 2016.(2) The "de-globalization" of the host country has a negative impact on Chinese enterprises' direct investment in the country.(3) The host country's political risk strengthens the negative impact of the host country's "anti-globalization" phenomenon on Chinese OFDI,while trade barriers weaken this negative impact.(4) Chinese OFDI is more sensitive to the negative impact of developed countries' "de-globalization".Finally,this paper gives relevant policy suggestions.

Key words: de-globalization, OFDI, political risk, trade barrier

CLC Number:

F752

ZHANG Jun-yan, JIA Yu-cheng, ZHANG Cheng. Does “De-globalization” Have an Impact on China's Foreign Direct Investment[J]. Journal of Guizhou University of Finance and Economics, 2021(04): 44-54.

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