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Assessing the Case for Extending WTO Disciplines on Investment-Related Policies

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Author Info

  • Hoekman, Bernard

    ()
    (World Bank)

  • Saggi, Kamal

    ()
    (Southern Methodist University)

Abstract

In this paper we evaluate the potential benefits of international disciplines on policies towards foreign direct investment, paying particular attention to developing countries. We conclude that, at present, the case for initiating negotiations on investment policies is weak. Negotiations that center on improving market access on a nondiscriminatory basis, especially in services, are likely to be more fruitful: although imperfect, existing multilateral instruments such as the General Agreement on Trade in Services, are far from fully exploited and provide significant opportunities for governments to improve market access.

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Bibliographic Info

Article provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.

Volume (Year): 15 (2000)
Issue (Month): ()
Pages: 629-653

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Handle: RePEc:ris:integr:0149

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Web page: http://econo.sejong.ac.kr/
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Related research

Keywords: Foreign Direct Investment; Wto; Multilateral Trade Negotiations;

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Cited by:
  1. Nunnenkamp, Peter & Pant, Manoj, 2003. "Why the economic case for a multilateral agreement on investment is weak," Open Access Publications from Kiel Institute for the World Economy 4323, Kiel Institute for the World Economy (IfW).
  2. Amy Glass & Kamal Saggi, 2000. "Exporting versus Direct Investment under Local Sourcing," Working Papers 00-10, Ohio State University, Department of Economics.
  3. Hoekman, Bernard & Saggi, Kamal, 2002. "Trade versus Direct Investment: Modal Neutrality and National Treatment," CEPR Discussion Papers 3375, C.E.P.R. Discussion Papers.
  4. Nunnenkamp, Peter, 2005. "How to promote development-friendly FDI : an agenda for policymakers in developing and transition countries," Open Access Publications from Kiel Institute for the World Economy 4295, Kiel Institute for the World Economy (IfW).
  5. World Bank & P.R.C. Development Research Center of the State Council, 2012. "China 2030 : Building a Modern, Harmonious, and Creative High-Income Society [pre-publication version]," World Bank Publications, The World Bank, number 6057, October.
  6. Agata Antkiewicz & John Whalley, 2006. "Recent Chinese Buyout Activity and the Implications for Global Architecture," NBER Working Papers 12072, National Bureau of Economic Research, Inc.
  7. Nunnenkamp, Peter, 2004. "[Book Review of] How to improve the development impact of foreign direct investment: a review," Open Access Publications from Kiel Institute for the World Economy 3398, Kiel Institute for the World Economy (IfW).
  8. Nunnenkamp, Peter & Pant, Manoj, 2003. "Why the case for a multilateral agreement on investment is weak," Kiel Discussion Papers 400, Kiel Institute for the World Economy (IfW).
  9. Nunnenkamp, Peter, 2003. "Ausländische Direktinvestitionen in Lateinamerkia: Enttäuschte Hoffnungen trotz attraktiver Standortbedingungen?," Open Access Publications from Kiel Institute for the World Economy 3104, Kiel Institute for the World Economy (IfW).
  10. Nunnenkamp, Peter, 2003. "FDI for development? : Assessing the case for a multilateral investment agreement from the perspective of developing countries," Open Access Publications from Kiel Institute for the World Economy 3117, Kiel Institute for the World Economy (IfW).

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