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Making Foreign Investment Safe
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Making Foreign Investment Safe: Property Rights and National Sovereignty

Louis T. Wells and Rafiq Ahmed

Abstract

In the 1990s, inexperienced firms from rich countries jumped directly into huge projects in some of the world's least developed countries. Their investments reflected almost unbridled enthusiasm for emerging markets and trust in new international guarantees. Yet within a few years, the business pages of the world press were reporting an exploding number of serious disputes between foreign investors and governments. As the expected bonanzas proved elusive and the protections weaker than anticipated, many foreign investors became disenchanted with emerging markets. So bad were the outcomes in so ... More

Keywords: investment, emerging markets, foreign investors, infrastructure firms, poor countries, privatization, multilateral development organizations, conflict management, poverty

Bibliographic Information

Print publication date: 2007 Print ISBN-13: 9780195310627
Published to Oxford Scholarship Online: May 2007 DOI:10.1093/acprof:oso/9780195310627.001.0001

Authors

Affiliations are at time of print publication.

Louis T. Wells, author
Harvard Business School
Author Webpage

Rafiq Ahmed, author
Exxon Corporation