The impact of inward foreign direct investment bans on the configuration of global value chains
用一个简单模型分析单方面禁止内向外国直接投资对全球经济的影响，发现双边禁令下发达国家获益甚微却面临向新兴国家流失的风险。
Using a simple model, we analyse the effects on the global economy of unilaterally banning inward FDI (IFDI). Unilateral bans on IFDI may provoke retaliation from other countries (bilateral FDI ban), which further disrupts the global system. The most striking, unintended consequence of banning inward FDI revealed by our model is that in the scenario where both advanced and emerging countries impose bilateral inward FDI bans, the former gain little from banning inward FDI and bear the risk of losing much to the latter. This result is mainly driven by the prohibition on advanced country MNEs locating production activities of technology intensive products in emerging countries.