| For a long time, FDI (Foreign Direct Investment) acted as a effective form to optimize resource configuration globally via participating in international dividing and cross-border capital transferring, has being adopted by numerous developed and developing countries. Correspondingly, the study on FDI also has got rapid development both in home and abroad. During 60's and 70's in the 20th century, the study in this field mainly developed toward four directions: (1) Studying the pure advantages owned by MNE( multinational enterprise)according to industry organizing theory, such as the Specific Advantages Theory by S.H.Hymer; (2) Studying on FDI was linked with foreign trade with a dynamic analysis method, such as product cycle theory by R.vernon. (3) According to production location theory, studying was concerned on why MNE invest in certain country rather than the others. (4) According to the Firm Theory, studying on the influence of incomplete market on the MNE's FDI ,such as the Internalization Theory by P. J. Buckley and M. C. Casson. Undoubtedly, all of these theories have their own advantages but they all can only partially interpret the FDI phenomenon, lacking generally interpreting ability. Therefore, as soon as Tohu.H.Dunning put forward his "eclectic paradigm" theory in1977 which was aggregated from all kinds of investment theories, he immediately was called a "conglomeration". Although some scholars brought forward many questions to the eclectic paradigm theory, it still was the core theory. However, after 1980's, the development of FDI in developing countries, especially the FDI towards developed countries began to progress with a rapid speed, which gave a big challenge to the mainstream theories mentioned above. This new phenomenon needs new theory to explain and steer it. So, in 1983, utilizing Vernon's product cycle theory," Wells got a conclusion argued that the last period of product cycle can interpret the FDI made by developing countries; and in 1986, based on eclectic paradigm and enterprise internationalization, Tohu.H.Dunning put forward another theory-" investment developing stage "theory . Afterwards, some scholars studied the enterprises or small-medium enterprises in developing countries have gotten some valuable conclusions, but none of them could be considered as a systemic theory.In this paper, the author's study was mainly concentrated on theoretical studying, thus it is necessary to refer to some primary theories got by predecessors. For the purpose to study, author sorted these theories into motive factor theory, condition theory and effect theory. And according to this criterion, authors gave a brief introduction and remark on them. In the meanwhile, author made a further study on the FDI's motive factor, condition and effect respectively.Through studying, author sum up eight kinds of motives for enterprises to invest abroad and put forward different motive structure for enterprises in different developing stages. And an experiment analysis also made by author.As far as the condition of FDI, based on referring to OIL mode and OL mode, this paper creatively introduced "mother-country" variable and formed a 3-dimension analysis model on FDI condition. Furthermore, author made a study on different influence factors and their action mode respectively form the aspect of enterprise variable, host-country variable and mother-country variable.The effects of FDI also were classified as enterprise effect, host-country effect and mother country effect according to the three bodies involved in FDI. This method is completely in line with the method adopted in the analysis on the motive factor and condition of FDI. As far as enterprise effect, this paper mainly studied it from the aspect of Internalization effect and studying effect. And at the same time the host-country effect and mother-country effect were both studied from the aspect of employment, international balance and structure adjustment as well as technology advancement.The relationship among motive, conditions and e...
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