What is the role of the Overseas Private Investment Corporation in
relation to private sector political risk insurers and financial
institutions supporting the flow of foreign direct investment to
emerging markets? This study provides an assessment of OPIC's
various missions as a promoter of development, supporter of labor
rights, protector of living standards in the United States, and
advocate of environmental standards around the world. Drawing on
the most recent evidence on the relationship between foreign direct
investment and development and the impact of outward investment on
the home economy, this study outlines a series of reforms that can
make OPIC a more effective force in securing the benefits-and
avoiding the hazards-of globalization in today's economy.
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