The relationships between fdi and improving the quality of asset , promoting technology progress , developing human resources , improving the mix of trade , and escalating industry structure have been analyzed , from which the main conclusion can be obtained : the fdi playing the important role in promoting the development of industries in invested developing countries 分别论证了外商直接投资与改善资产质量、促进技术进步、开发人力资源、改善贸易结构结构及产业结构升级之间的关系，从而得出结论：外商直接投资对发展中东道国的产业发展具有促进作用。
The theory of fdi holds that the developing host country can draw advanced technology and capital which its country lacks . utilizing international circulating resources can help our industry to stride across the bottleneck of the supply of the key element , to establish rapidly the industry which cannot be developed at the present , promote " the upgrading of the old industries of the host country , enhance the quality of the related industries " capital , transfer the comparatively inferior industry to the comparatively superior industry , to accelerate the u pgrading of the industrial structure . however , the effect of fdi on promoting the upgrading of the host country ' s industrial structure is decided by the height of the industrial development of the emigrating country , the industrial accepting ability of the host country and the industrial leading " ability formed by fdi ' s related effect 外商直接投资理论认为通过引入外商直接投资，发展中东道国可以引入本国缺乏的先进技术和资本，利用国际流动资源帮助本国产业跨越原要素供给的瓶颈，迅速建立起现阶段自身没有能力发展的产业，推动东道国原产业的升级换代，提高东道国关联产业存量资本和新形成资本的质量，使相对比较劣势的产业向比较优势的产业转化，加速本国产业结构升级。但是外商直接投资促进东道国产业结构升级效应的高低则决定于产业转移国的产业发展高度，东道国的产业接受能力和通过外商直接投资关联效应形成产业带动的能力。
The keystone of this chapter is the response and restriction that tnc challenges the developing country . the last section points out the possibility of mutual support and cooperation between tnc and nation by relating the mutual value between them . and then , it dissertates the support and protection of nation to tnc and tnc ' s initiative cooperation 因此，本文将重点放在详细论述发展中东道国对跨国公司挑战的回应和规制上；第四章通过阐述跨国公司与国家之间客观存在的互利价值，提出它们相互支持、合作的可能性，并进一步论述了民族国家对跨国公司的支持和保护，以及跨国公司主动与国家的合作。
In all these progress , the impact of cross - border mergers and acquisitions on industrial competitiveness is catching more and more attention of the home countries , especially the developing countries and transforming countries , and presenting some significant problems , such as what does the cross - border mergers and acquisitions can do to the industrial competitiveness of home countri es 在这过程中，跨国并购对东道国产业竞争力的影响，已日益成为东道国，特别是发展中东道国或经济转型国家一个不可熟视无睹的经济现象，并终于给人们留下一个个发人深省的问题：跨国并购对东道国的产业竞争力到底有什么影响?其影响机制如何
This article adopted the empirical and the theoretical analyses : first , on the basis of the original theories and researches of fdi , this article has established the esp ( e environment , s system , p policy ) adjustment and control strategy : by adjusting its esp system , which leads to changes of fdi quantity and structure in equilibrium , the host country can achieve its fdi objectives 本文采用规范和实证分析相结合的方法:首先在回顾总结外商直接投资各项理论研究的基础上,构筑起适用于发展中东道国服务业外商直接投资的理论? ? esp ( e环境, s体制, p政策)调控理论,即东道国通过调整本国的esp系统,引起服务业fdi数量和结构的变化,由此实现其引资目标;这就从理论上验证了东道国实施服务业外资调控战略的可行性。
In this thesis , we start with the fdi theories and acquisition and merger theories , then we study the economic effect of fdi by acquisition and merger in developing countries , and on this basis , we have proved that fdi by acquisition and merger is an effective way for the economic development of our country 因此，本文从国际直接投资理论和企业并购理论入手，在研究外资并购对发展中东道国的宏观经济效应的基础上，实证分析了外资并购对我国的经济效应，从而明确了利用并购式外资是我国经济发展的需要。
The developing host country should regard it as the external factor to utilize the straight effect on industrial structure for fdi , and regard the implement of the policy of inclination to the guiding industry and perfect national innovative system as the inside factor . two major factors can cut down the developing time at a certain stage , and make the developing host country achieve the objective of catching up with the country in higher developing stage 发展中东道国将利用fdi的产业结构正效应作为外部因素，而将实施对主导产业的倾斜政策及完善国家创新体系作为内部因素，这两大因素相互结合，才能实现缩短某一阶段发展时间，迎头赶上更高发展阶段国家的目标。
