2777 
2565战略性矿产资源被赋予促进经济转型升级、提高国际竞争力的使命，其重要性不言而喻。文章基于中国及主要发达国家近年来跨国资本参与的金属矿产资源并购交易数据，实证研究了跨国资本流动的战略性矿产资源寻求动机及其作用机理。结果显示：（1）跨国资本“围猎”动机十分明显。跨国资本不仅积极并购本国稀缺的资源，而且有流向中美两国争夺激烈的战略性矿产资源的倾向，尤其是对制约高科技产业发展的金属资源的争夺动机更为显著。（2）东道国“保护”动机十分明显。跨国资本流入战略性矿产资源丰富的国家存在显著的“阻滞”效应，东道国对战略性矿产资源产业链上游的跨国资本流入管控非常严格。（3）跨国资本“制衡”动机十分明显。跨国资本具有追求价值链高端要素的动机，其试图占据价值链顶端，并将竞争对手锁定在价值链低端环节。对此，文章从监测国际资本流动、优化资源供给格局、提升价值链水平三方面提出提升中国战略性矿产资源全球治理能力的对策。
跨国资本流动、战略性矿产资源与全球治理能力提升
摘要
参考文献
1 彼得•诺兰, 刘春航, 张瑾. 全球商业革命: 产业集中、系统集成与瀑布效应[M]. 天津: 南开大学出版社, 2007.
2 哈罗德•德姆塞茨. 所有权、控制与企业——论经济活动的组织[M]. 北京: 经济科学出版社, 2004.
3 王安建, 王高尚, 邓祥征, 等. 新时代中国战略性关键矿产资源安全与管理[J]. 中国科学基金,2019,(2). DOI:10.16262/j.cnki.1000-8217.2019.02.006
4 王登红. 战略性关键矿产相关问题探讨[J]. 化工矿产地质,2019,(2). DOI:10.3969/j.issn.1006-5296.2019.02.003
7 Asiedu E. Foreign direct investment, natural resources and institutions[R]. International Growth Centre, 2013.
8 Blengini G A, Nuss P, Dewulf J, et al. EU methodology for critical raw materials assessment: Policy needs and proposed solutions for incremental improvements[J]. Resources Policy,2017,53:12–19. DOI:10.1016/j.resourpol.2017.05.008
9 Buckley P J, Clegg L J, Cross A R, et al. The determinants of Chinese outward foreign direct investment[J]. Journal of International Business Studies,2007,38(4):499–518. DOI:10.1057/palgrave.jibs.8400277
10 Du J L, Lu Y, Tao Z G. Institutions and FDI location choice: The role of cultural distances[J]. Journal of Asian Economics,2012,23(3):210–223. DOI:10.1016/j.asieco.2010.11.008
11 Dunning J H. Location and the multinational enterprise: A neglected factor?[J]. Journal of International Business Studies,2009,40(1):5–19. DOI:10.1057/jibs.2008.74
12 Gulley A L, Nassar N T, Xun S. China, the United States, and competition for resources that enable emerging technologies[J]. Proceedings of the National Academy of Sciences of the United States of America,2018,115(16):4111–4115. DOI:10.1073/pnas.1717152115
13 Hofmann M, Hofmann H, Hagelüken C, et al. Critical raw materials: A perspective from the materials science community[J]. Sustainable Materials and Technologies,2018,17:e00074. DOI:10.1016/j.susmat.2018.e00074
14 Luo Y D. Strategic traits of foreign direct investment in China: A country of origin perspective[J]. MIR:Management International Review,1998,38(2):109–132. DOI:10.2307/40228448
15 Meyer K E, Estrin S, Bhaumik S K, et al. Institutions, resources, and entry strategies in emerging economies[J]. Strategic Management Journal,2009,30(1):61–80. DOI:10.1002/smj.720
16 Nicolas F. China’s direct investment in the European Union: Challenges and policy responses[J]. China Economic Journal,2014,7(1):103–125. DOI:10.1080/17538963.2013.874070
17 Packey D J, Kingsnorth D. The impact of unregulated ionic clay rare earth mining in China[J]. Resources Policy,2016,48:112–116. DOI:10.1016/j.resourpol.2016.03.003
18 Schmidt M. Scarcity and environmental impact of mineral resources—An old and never-ending discussion[J]. Resources,2018,8(1):2. DOI:10.3390/resources8010002
19 Sutherland D, Anderson J, Hu Z Y. A comparative analysis of location and non-location-bounded strategic asset seeking in emerging and developed market MNEs: An application of new internalization theory[J]. International Business Review,2020,29(2):101635. DOI:10.1016/j.ibusrev.2019.101635
20 Thoenig M, Verdier T. A theory of defensive skill-biased innovation and globalization[J]. American Economic Review,2003,93(3):709–728. DOI:10.1257/000282803322157052
引用本文
张海亮, 李垚, 王海军. 跨国资本流动、战略性矿产资源与全球治理能力提升[J]. 上海财经大学学报, 2022, 24(5): 67-78.
导出参考文献，格式为：
下一篇：论“中国话语”的资本界限
