摘要：With China’s reform and opening up, the relationship between foreign direct investment and economic development gradually attracts attention. Professor Dunning first developed this theory, which describes the division of net outward direct investment into four distinct stages of a country’s economic development, and later increased it to five. The theory has been developed for 40 years, and whether it can survive and still play a guiding role in national development is the focus of people’s concern. Based on the previous studies of scholars, this paper conducts an empirical study on “individual” countries. Thus it is concluded that the theory in its net foreign direct investment and economic development of the important relationship of the original is still valid, but from the cross section, the measures to be improved, and the theory of the fifth stage of the development of a new understanding
