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Author: Bernard M. Hoekman Publisher: World Bank Publications ISBN: Category : Comercio - Paises en desarrollo Languages : en Pages : 34
Book Description
Abstract: June 1999 - Is there a strong case for developing countries to support the creation of a multilateral agreement on investment? Probably not. Existing agreements offer ample scope for liberalizing foreign direct investment in the area that matters most to developing countries: services. Hoekman and Saggi evaluate the potential benefits of international disciplines on policies toward foreign direct investment for developing countries. They conclude that the case for initiating negotiations on investment policies is weak, at present. Negotiating efforts that center on further liberalizing market access on a nondiscriminatory basis-especially for services-are likely to be more fruitful in terms of economic welfare and growth. Existing multilateral instruments, although imperfect, are far from fully exploited and provide significant opportunities for governments opening further access to markets. Hoekman and Saggi conclude that priority should be given to expanding coverage of the General Agreement on Trade in Services (GATS) before seeking to negotiate general disciplines on investment policies. This paper-a product of Trade, Development Research Group-is part of a larger effort in the group to prepare for the next round of WTO negotiations. The authors may be contacted at bhoekman@@worldbank.org or ksaggi @@mail.smu.edu.
Author: Bernard M. Hoekman Publisher: World Bank Publications ISBN: Category : Comercio - Paises en desarrollo Languages : en Pages : 34
Book Description
Abstract: June 1999 - Is there a strong case for developing countries to support the creation of a multilateral agreement on investment? Probably not. Existing agreements offer ample scope for liberalizing foreign direct investment in the area that matters most to developing countries: services. Hoekman and Saggi evaluate the potential benefits of international disciplines on policies toward foreign direct investment for developing countries. They conclude that the case for initiating negotiations on investment policies is weak, at present. Negotiating efforts that center on further liberalizing market access on a nondiscriminatory basis-especially for services-are likely to be more fruitful in terms of economic welfare and growth. Existing multilateral instruments, although imperfect, are far from fully exploited and provide significant opportunities for governments opening further access to markets. Hoekman and Saggi conclude that priority should be given to expanding coverage of the General Agreement on Trade in Services (GATS) before seeking to negotiate general disciplines on investment policies. This paper-a product of Trade, Development Research Group-is part of a larger effort in the group to prepare for the next round of WTO negotiations. The authors may be contacted at bhoekman@@worldbank.org or ksaggi @@mail.smu.edu.
Author: Bernard Hoekman Publisher: ISBN: Category : Languages : en Pages : 31
Book Description
Is there a strong case for developing countries to support the creation of a multilateral agreement on investment? Probably not. Existing agreements offer ample scope for liberalizing foreign direct investment in the area that matters most to developing countries: services.Hoekman and Saggi evaluate the potential benefits of international disciplines on policies toward foreign direct investment for developing countries.They conclude that the case for initiating negotiations on investment policies is weak, at present.Negotiating efforts that center on further liberalizing market access on a nondiscriminatory basis-especially for services-are likely to be more fruitful in terms of economic welfare and growth.Existing multilateral instruments, although imperfect, are far from fully exploited and provide significant opportunities for governments opening further access to markets.Hoekman and Saggi conclude that priority should be given to expanding coverage of the General Agreement on Trade in Services (GATS) before seeking to negotiate general disciplines on investment policies.This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to prepare for the next round of WTO negotiations. The authors may be contacted at [email protected] or ksaggi @mail.smu.edu.
Author: E. Nieuwenhuys Publisher: Kluwer Law International B.V. ISBN: 904119844X Category : Business & Economics Languages : en Pages : 254
Book Description
In the wake of the notable failure of the OECD draft Multilateral Agreement on Investment (MAI), it has become clear that any attempt to regulate investment at the global level must pay serious attention to the position of developing countries. This remarkable collection of essays sheds penetrating light on this and other legal, political, and economic issues affecting the intense international debate on this important subject. The result of a symposium sponsored in April 1999 by the E.M. Meijers Institute of Legal Studies at Leiden University, Multilateral Regulation of Investment presents the incisive views of nine outstanding authorities, both academics and practitioners, in disciplines related to investment and development. Among the essential criteria proposed for a successful global regulatory framework for investment are the following: involvement at the national level of all sectors of the economy in drafting a national position; involvement from the start of multilateral negotiations of both developing and developed countries; transparency of negotiations; balance between investment protection and the right to regulate; and respect for core labour standards and human rights. The authors agree in seeing the objectives of the multilateral regulation of investment, both direct and portfolio, as not only reducing risk but also enhancing trust between investors and states, as host states must be sure that foreign investors will genuinely contribute to sustainable development and the well-being of their populations.
Author: Fiona Beveridge Publisher: Manchester University Press ISBN: 1526171236 Category : Law Languages : en Pages : 361
Book Description
Now available as an ebook for the first time, this 2000 title in the Melland Schill Studies in International Law series is an examination of key issues concerning the treatment of foreign investment and the taxation of investors. It looks at some of the challenges which globalization has thrown up for the international community from a legal perspective and sets developments alongside more traditional approaches. Particular attention is paid to the needs and aspirations of developing countries and the implications for them of free trade orthodoxy. After outlining the established framework of laws concerning investment protection and taxation, the author looks at experiences in the European Union and the North Atlantic Free Trade Agreement and at a range of disputes and legal developments to assess whether international legal regimes are responding adequately to meet the needs of states and investors alike. OECD initiatives on taxation and the aborted Multilateral Agreement on Investment negotiations are examined in conjunction with the relevant provisions of the World Trade Organization Agreements.
Author: Pierre Sauvé Publisher: Univ of California Press ISBN: 9789211215854 Category : Political Science Languages : en Pages : 68
Book Description
Latin American countries rank among those that have displayed the greatest amount of rule-making activism towards foreign direct investment in recent decades. This paper depicts the changing international landscape of investment rule-making from a Latin American perspective. It does so by looking first at the recent evolution of investment rules at the bilateral, regional and multilateral levels, pointing out differences and synergies between these closely intertwined processes and the role that Latin American countries have had in shaping them.
Author: Bernard M. Hoekman
Author: Bernard M. Hoekman
Author: Bernard Hoekman
Author: E. Nieuwenhuys
Author: Fiona Beveridge
Author: Yılmaz Akyüz
Author: Pierre Sauvé
Author: Organisation for Economic Co-operation and Development
Author: Pierre Sauvé
Author: Kavaljit Singh
Author: National Research Council