The multinational enterprise has been one of the foremost economic, political, and social influences in the world economy for many decades. As its role and influence have grown, so has the regime of institutions and rules concerning international investment from the proposal to create the ITO in the 1940s to the establishment of the WTO in the 1990s. Investment issues are now important items on the agenda of international economic policy-making and international business-government relations. This book provides a detailed analysis of the evolution of the international investment framework in t ... More

The multinational enterprise has been one of the foremost economic, political, and social influences in the world economy for many decades. As its role and influence have grown, so has the regime of institutions and rules concerning international investment from the proposal to create the ITO in the 1940s to the establishment of the WTO in the 1990s. Investment issues are now important items on the agenda of international economic policy-making and international business-government relations. This book provides a detailed analysis of the evolution of the international investment framework in the second half of the 20th century — the issues, the organisations, and current policy challenges. For instance, the book includes chapters on issues concerning the relationship of investment policy to trade and technology, competition, and economic development. In addition to a clear and well-informed description of the role of several organizations, including ITO, GATT, the OECD, and the WTO, the book presents numerous examples, cases, and appendices to give context and ‘real’ world examples. It also discusses many key regional arrangements, such as NAFTA and the EU, as well as bilateral investment agreements.