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er factors165。Exchange rate165。Economic growth165。Investment policyA Decision FrameworkHow high are transportation costs and tariffs?Is knowhow amenable to licensing?Is tight control over foreign operation required?Can knowhow be protected by licensing contract?Then licenseExportFDIFDIFDINoHighYesYesLowNoYesNoGeneral impressionnew development 165。nonequity linkage 165。Externalize not internalizediscussion165。China got the biggest share in world FDI inflow in 2024, why?165。development trend of FDI 165。p203 Honda in North America165。teamwork