本文對跨國企業與地主國之間的賽局進行了分析。跨國投資從一定意義上講，是跨國企業與地主國之間的賽局。在我國企業對外直接投資的戰略的實施中，不可避免地要和地主國政府進行反覆的賽局。從賽局的觀點來看，我國企業對外直接投資的戰略決策是與地主國賽局後，形成的均衡。在研究中，我們通過賽局理論論證分析，提出「優惠政策偏好型」和「環境偏好型」兩種不同的對外直接投資類型。「環境偏好型」對外投資企業往往以歐美等已開發國家作爲跨國投資首選地，比較注重地主國的投資環境。「優惠政策偏好型」對外投資企業往往以開發中國家地區爲主要投資首選地。相對與「環境偏好型」企業，這類企業對地主國的優惠政策更感興趣。

This text analysis the game theory between Transnational Corporation and the host countries. Transnational investment can be regarded as game between Transnational Corporation and host countries to some extent. In the process of strategy implementation on FDI of our private enterprises, there is the game between our private enterprises and government of host country unavoidably. From the view point of game, FDI strategic policy-making of our private enterprises is the good result obtained by the game with host country .In the course of studying, we put forward two kinds of FDI, through demonstration analysis of game, that is ”Preference to favorable economic policy” and ”Preference to environment”. Foreign-invested companies that prefer to environment are prone to invest in developed countries, such as European countries and USA. They pay more attention to investment environment of host countries. At the same time, Foreign-invested companies that prefer to favorable policy are prone to invest in developing countries. Compared with the enterprises that prefer to environment, enterprises of this kind have more interest in favorable policy of host countries.