Winners and losers from an international investment agreement
AbstractRecent attempts at reaching an international investment agreement have been met with considerable opposition and failed. An important reason for this failure is the diverging interests between the parties involved. The present paper focuses on the interests of host countries, with difference in market size as the source of conflict. We analyse the welfare effects of an international investment agreement as a function of the intensity of technological spillovers, the technology gap between the investor and host country firms, intra-regional trade costs, and the difference in market size.
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Bibliographic InfoPaper provided by CMI (Chr. Michelsen Institute), Bergen, Norway in its series CMI Working Papers with number WP 2003:11.
Length: 20 pages
Date of creation: 2003
Date of revision:
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