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165。OSA+IA?165。Appraisal165。Raymond Vernon 1966 International Investment and International Trade in the Product Cycle 164。Mature P S 164。appraisal165。Exchange rate165。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。Externalize not internalizediscussion165。development trend of FDI 165。teamwork