Private enterprises operating across borders

Author: Li Ya
Publisher:
Publish Date: 2004-03-01
Features: The development of the international chemical industry has driven the formation and growth of the global market, and the deepening of the global market has accelerated the process of economic globalization characterized by globalized international trade, globalized production and operation, globalized finance, and globalized rules of the game. Under this trend, enterprises have chosen cross-border economics as a strategy for survival and development. However, the behavior of enterprises engaging in cross-border operations did not arise at this time; in fact, it has a history of hundreds of years and has gone through three main development stages. Cross-border operations are of great significance for enterprises to explore markets, mitigate risks, utilize and allocate resources, participate in international division of labor, and achieve better economic benefits. Similarly, the theory of cross-border operations has also undergone a continuous development process, including theories such as the Theory of Monopolistic Advantage, the Product Life Cycle Theory, the Theory of Comparative Advantage Investment, the Internalization Theory, and the Theory of International Production Decommodation. This book is mainly divided into two parts: cross-border operations overseas and cross-border operations domestically. Cross-border non-capital operations include overseas trade and overseas plant investment; cross-border capital operations include overseas listings, mergers, and acquisitions of overseas enterprises; domestic internationalization operations include the development of domestic international trade, introduction of foreign investment, being acquired by foreign companies, and introducing foreign management talent and management experience.