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Multilateral disciplines for investment-related policies

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Author Info
Hoekman, Bernard
Saggi, Kamal

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Abstract

The authors 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 non-discriminatory 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. The authors 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.

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Paper provided by The World Bank in its series Policy Research Working Paper Series with number 2138.

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Date of creation: 30 Jun 1999
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Handle: RePEc:wbk:wbrwps:2138

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Related research
Keywords: Labor Policies; Environmental Economics&Policies; Health Economics&Finance; Economic Theory&Research; Decentralization; Health Economics&Finance; TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT; Environmental Economics&Policies; Economic Theory&Research; Trade and Regional Integration;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Michalopoulos, Constantine, 1999. "Developing country goals and strategies for the Millennium Round," Policy Research Working Paper Series 2147, The World Bank. [Downloadable!]
  2. Ajit Singh, 2005. "FDI, Globalisation and Economic Development - Towards Reforming National and International Rules of the Game," ESRC Centre for Business Research - Working Papers wp304, ESRC Centre for Business Research. [Downloadable!]
  3. Bernard Hoekman & Will Martín, 1999. "Some Market Access Issues for Developing Countries in a Millennium Round: Results from Recent World Bank Research," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 36(109), pages 947-978. [Downloadable!]
  4. Anderson, Kym & Hoekman, Bernard, 1999. "Developing Country Agriculture and the New Trade Agenda," CEPR Discussion Papers 2096, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  5. Arvind Panagariya, 2003. "The Millennium Round and Developing Countries: Negotiating Strategies and Areas of Benefits," International Trade 0308018, EconWPA. [Downloadable!]
    Other versions:
  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. [Downloadable!] (restricted)
  7. Amy Glass & Kamal Saggi, 1999. "FDI Selection: Crowding Out and Distributional Effects," Working Papers 99-03, Ohio State University, Department of Economics. [Downloadable!]
  8. Turrini, Alessandro Antonio & Urban, Dieter M, 2001. "For Whom is MAI? A Theoretical Perspective on Multilateral Agreements on Investment," CEPR Discussion Papers 2774, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  9. Dieter M. Urban, 2006. "Multilateral Investment Agreement in a Political Equilibrium," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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