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Foreign Direct Investment and Human Development - The Law and Economics of International Investment Agreements (Paperback)
Loot Price: R1,501
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Foreign Direct Investment and Human Development - The Law and Economics of International Investment Agreements (Paperback)
Series: Routledge Research in International Economic Law
Expected to ship within 12 - 17 working days
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This book presents original research that examines the growth of
international investment agreements as a means to attract foreign
direct investment (FDI) and considers how this affects the ability
of capital-importing countries to pursue their development goals.
The hope of countries signing such treaties is that foreign capital
will accelerate transfers of technologies, create employment, and
benefit the local economy through various types of linkages. But do
international investment agreements in fact succeed in attracting
foreign direct investment? And if so, are the sovereignty costs
involved worth paying? In particular, are these costs such that
they risk undermining the very purpose of attracting investors,
which is to promote human development in the host country? This
book uses both economic and legal analysis to answer these
questions that have become central to discussions on the impact of
economic globalization on human rights and human development. It
explains the dangers of developing countries being tempted to
'signal' their willingness to attract investors by providing
far-reaching protections to investors' rights that would annul, or
at least seriously diminish, the benefits they have a right to
expect from the arrival of FDI. It examines a variety of tools that
could be used, by capital-exporting countries and by
capital-importing countries alike, to ensure that FDI works for
development, and that international investment agreements
contribute to that end. This uniquely interdisciplinary study,
located at the intersection of development economics, international
investment law, and international human rights is written in an
accessible language, and should attract the attention of anyone who
cares about the role of private investment in supporting the
efforts of poor countries to climb up the development ladder.
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