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Foreign direct investments and international agreements: a south perspective

  • Singh, Ajit

This paper examines the implications of PMAI particularly from the standpoint ofdeveloping countries. It argues that (a) the case against an MAI-typeagreement is, if anything, stronger now than before; such a treaty would seriously prejudice economic development; (b) PMAI is not only incompatible with the developmental needs of poor countries, it is also likely to harm theinterests of advanced country citizens and workers; (c) a continuation of thestatus quo in this area (i.e., implementing the bilateral investment treaties) would be preferable for developing countries than the PMAI. The reasoning behind the propositions (a) to (c) above will be briefly presented in this Executive Summary and more fully explained in the main body of the paper.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 24299.

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Date of creation: 2001
Date of revision:
Handle: RePEc:pra:mprapa:24299
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  1. Ethan Kaplan & Dani Rodrik, 2002. "Did the Malaysian Capital Controls Work?," NBER Chapters, in: Preventing Currency Crises in Emerging Markets, pages 393-440 National Bureau of Economic Research, Inc.
  2. C Freeman, 1989. "New Technology and Catching Up," The European Journal of Development Research, Palgrave Macmillan, vol. 1(1), pages 85-99, June.
  3. Cosh, A. D. & Hughes, A. & Lee, K. & Singh, A., 1989. "Institutional investment, mergers and the market for corporate control," International Journal of Industrial Organization, Elsevier, vol. 7(1), pages 73-100, March.
  4. Manuel R. AGOSIN & Ricardo MAYER, 2000. "Foreign Investment In Developing Countries, Does It Crowd In Domestic Investment?," UNCTAD Discussion Papers 146, United Nations Conference on Trade and Development.
  5. Hoekman, Bernard & Saggi, Kamal, 1999. "Multilateral disciplines for investment-related policies," Policy Research Working Paper Series 2138, The World Bank.
  6. Devra L. Golbe & Lawrence J. White, 1988. "A Time-Series Analysis of Mergers and Acquisitions in the U.S. Economy," NBER Chapters, in: Corporate Takeovers: Causes and Consequences, pages 265-310 National Bureau of Economic Research, Inc.
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