Multilateral Agreement On Investments (MAI) - A Critical Assessment From an Industrial Economics Point of View
AbstractThough the Multilateral Agreement on Investment (MAI) has failed, the original draft is likely to serve as a basis for future negotiations. This article gives a critical assessment of the draft from an industrial economics point of view. First, I summarize the contents of the agreement which is relevant for market structure and competition. Then I develop the industrial economics approach, which serves as a basis for criticism. I conclude that a multilateral agreement on investment should (i) recognize competition concerns, (ii) give a suitable de.nition of investment, and (iii) should help to establish competition authorities in less developed countries.
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Bibliographic InfoPaper provided by Socioeconomic Institute - University of Zurich in its series SOI - Working Papers with number 0201.
Length: 21 pages
Date of creation: Feb 2002
Date of revision: Feb 2002
multilateral agreement on investment; multinational enterprizes; competition policy; regional competition; foreign direct investment;
Find related papers by JEL classification:
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
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