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1、外文資料：Withtheglobaleconomyoftheacceleratedprocessofscientificandtechnologicalprogress,theinternationalmarketintensifies,transnationalcorporationsindevelopedcountriesinordertomaintaintheirstatusintheglobaleconomy,accesstogreaterbenefits,andconstantlyadjustdevelopmentstrategies.
2、???Anewcross-bordermergersandacquisitionsstrategy.Theeraofglobalizationistheeraofincreasingreturnstoscale.Inaglobalizedeconomy,firmsizeplaysadecisiverole,especiallyinhighlycompetitiveindustriesormarketshrinking,thescaleenterprisesarethesourceofachanceofsurvival.Therefore,asco
3、mpetitionintensified,theglobalwaveofcorporatemergersincreasing.Accordingtotheinformationtoincompletestatistics,the20thcentury,sincethe90's,theworldeachyearabout16,000enterpriseshavebeenmergers,ofwhich80%ofmergersandacquisitionsoftransnationalcorporations,transnationalM&Atrans
4、actionvolumeannuallyincreasingatarateof30percent.????Theuseofdirectinvestment(FDI)fortheworldmarket,especiallyemergingmarketsindevelopingcountries.Inrecentyears,thepatternofworldFDIincreasedfrom"3"and(the?UnitedStates,?Japan,?SouthKorea)intoa"classofmany."Bytheendof1990inthew
5、esternworld'stotalFDI,developedcountriesaccountedfor80percent,developingcountriesaccountedfor20%.However,in1993-1998theFDIflowstodevelopingcountriesasmuchas35.3%1999-2000alsodecreasedto17.9%in2001roseagainto27.9percentin2002,?China?becametheworld'slargestdirectforeigninvestme
6、ntinthecountry.FollowingtheAsianfinancialcrisis,the?UnitedStates,Europeandlargemultinationalcorporationsinemergingmarketshasnotbeenlarge-scaledivestment,andonealternativetoJapan,?Korea?andothercountrieshasbecomeamajorinvestorintheEastAsianregion,fullyreflectedtheemergingmarke
7、tsofmultinationalcorporationsondevelopingcountriesattachgreatimportance.Greatlyenhancethelocalizationstrategy.Withtheinternationalizationofthecontinuousexpansionofproductionscale,multinationalcorporationsarealreadyusingthehostoftalentadvantageandtheadvantageofcheaplaborhasgre
8、atlystrengthenedtheprocessoflocalizationstrategies.10globalcompanies
