The Bric States And Outward Foreign Direct Investment (international Economic Law)
by David Collins /
2013 / English / PDF
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This book examines the relatively recent and under-explored
phenomenon of outward foreign direct investment (FDI) from the
large emerging market countries, focusing on the four BRIC states
(Brazil, Russia, India, and China) and on the services sector
meaning primarily telecommunications, finance, and transport. It
considers the international legal framework governing FDI,
discussing the nature and extent of the bilateral and regional
investment treaty commitments undertaken by each of the BRIC
states, including their commitments under the WTO General Agreement
on Trade in Services, as well as their obligations as members of
the International Monetary Fund and the World Bank.
This book examines the relatively recent and under-explored
phenomenon of outward foreign direct investment (FDI) from the
large emerging market countries, focusing on the four BRIC states
(Brazil, Russia, India, and China) and on the services sector
meaning primarily telecommunications, finance, and transport. It
considers the international legal framework governing FDI,
discussing the nature and extent of the bilateral and regional
investment treaty commitments undertaken by each of the BRIC
states, including their commitments under the WTO General Agreement
on Trade in Services, as well as their obligations as members of
the International Monetary Fund and the World Bank.
Drawing on trends observed in the regulatory approach of these
countries to FDI in services, including the observed flow of FDI
both to and now from the developing world, the book proposes a
multilateral investment treaty aimed at the liberalization and
protection of FDI in services. The treaty will capture the emerging
equilibrium in global FDI patterns signifying a unified approach to
the regulation of foreign investment in the growing services
economy by developing and developed economies alike. The treaty
will strengthen the legitimacy of investor-state dispute settlement
and recognize public interest norms such as environmental
protection and human rights as well as allow signatories to retain
sovereignty over matters relating to national security and economic
stability.
Drawing on trends observed in the regulatory approach of these
countries to FDI in services, including the observed flow of FDI
both to and now from the developing world, the book proposes a
multilateral investment treaty aimed at the liberalization and
protection of FDI in services. The treaty will capture the emerging
equilibrium in global FDI patterns signifying a unified approach to
the regulation of foreign investment in the growing services
economy by developing and developed economies alike. The treaty
will strengthen the legitimacy of investor-state dispute settlement
and recognize public interest norms such as environmental
protection and human rights as well as allow signatories to retain
sovereignty over matters relating to national security and economic
stability.
