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The Effect of Treaties on Foreign Direct Investment - Bilateral Investment Treaties, Double Taxation Treaties, and Investment Flows (Hardcover)
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The Effect of Treaties on Foreign Direct Investment - Bilateral Investment Treaties, Double Taxation Treaties, and Investment Flows (Hardcover)
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In recent years, the treaties and strategies promoting global
investment have changed dramatically. The widespread liberalization
of economic policy has effectively spurred an increase in foreign
direct investment (FDI). By encouraging foreign investors to enter
international markets, many countries are witnessing exponential
growth within their economies and local industries. The surge of
FDI not only brings capital for emerging or growing industries, but
it is also capable of boosting the country's economy by creating
greater access to financing, more job opportunities, and potential
knowledge and technology spillovers.
The basic purpose of concluding bilateral investment treaties
(BITs) and double taxation treaties (DTTs) is to signal to
investors that investments will be legally protected under
international law in case of political turmoil and to mitigate the
possibility of double taxation of foreign entities. But the actual
effect of BITs and DTTs on the flows of foreign direct investment
is debatable.
The Effect of Treaties on Foreign Direct Investment: Bilateral
Investment Treaties, Double Taxation Treaties, and Investment Flows
is a comprehensive assessment of the performance of these treaties,
and presents the most recent literature on BITs and DTTs and their
impact on foreign investments.
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