Research On The Evolution Of International Direct Investment Network And China’s Role And Position In The Network

The world is undergoing profound changes unseen in a century.The international economic landscape is undergoing profound adjustments and the trend of international economic integration is changing.In the process of globalization,international capital flows have become networked.Bilateral investment relations between countries will not only affect each other,but also produce "butterfly effect" on other countries in the investment network.It is of great significance to have a thorough understanding of China’s role in international investment relations,as well as promote combination of "bring in" and "go global",improve the level of utilization of foreign investment and outward investment,give full play to the driving role of investment in economic growth and create favorable international investment development space for China to promote the construction of a new development pattern.This paper is committed to the study of international investment relations through social network analysis.Taking the major economies of the world as the research object,this paper analyzes the changes of China’s role and status in the international investment network,and further empirically analyzes the factors influencing the investment status through.Put forward countermeasures and suggestions from national and enterprise levels.Firstly,this paper makes a theoretical review of social network analysis,explains the meaning,classification and research content of social network,and defines the measurement of whole network indexes and individual index.Secondly,based on the bilateral investment data of major global economies from 2002 to 2012,this paper constructs the international direct investment network,and measures the development,evolution and structural characteristics,which includes density,dynamic evolution graph,subgroup,small world.On overall network construction,this paper further related to network centricity,structural hole and middlemen individual indicators for measurement and analysis,to show individual countries status and role in the whole network with comparisons of China,Hong Kong,United States,Japan,Netherlands and other representative countries(area)were analyzed.Based on the measurement results of the international investment network centrality,this paper puts forward the influencing factor hypothesis,constructs the measurement model,and carries on the empirical analysis.Provide the countermeasures and suggestions from the national and enterprise.The results of this paper show that,firstly,the international investment network is becoming more and denser.Although it fluctuates a little after 2008,the overall international investment network has increased significantly compared with 2002.Secondly,most international investment activities take place in developed countries in Europe and the United States,but there is a tendency of decentralization.Thirdly,developing countries,represented by China,have come from behind to occupy a place in the international investment arena.Fourthly,the number of peripheral countries in the international investment network is decreasing,and the collective development trend is obvious toward the semi-core and core countries.Fifthly,economic development level,urbanization level,the degree of opening to the outside world and domestic credit level have a significant positive impact on the improvement of network centrality.