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We feel that there are two catalogues of theories, suitable for developing and developed countries respectively, based on different economic development, resource endowment and ownership advantage. Many studies may focus on the experience of traditional industrialized countries. While conducting certain…

The past one-and-a-half decades have witnesses a historically high level of outflows to developing countries as destinations, which accounts for 55% of the global total (UNCTAD 2015). Developing Asia drove the increase while flows to Latin America declined and those…