IDEAS home Printed from https://ideas.repec.org/p/ehl/lserod/105161.html
   My bibliography  Save this paper

The EU's international investment policy ten years on: the policy-making implications of unintended competence transfers

Author

Listed:
  • Basedow, Robert

Abstract

In 2009, the Treaty of Lisbon empowered the EU to pursue an international investment policy and to conclude international investment agreements. The EU's first steps in this policy domain have attracted considerable public attention. Analysts depict competing societal interests as the main forces shaping EU policy in this domain. This article scrutinizes this widespread perception. It argues that competence struggles between the European Institutions and Member States, which still echo broad Member State opposition against the initial decision to empower the EU in this domain during the drafting of the Lisbon Treaty, play a similarly important role in shaping EU international investment policy. This article enhances our understanding of EU policy-making in a highly salient policy domain and theoretically contributes to research on European Integration in that it shows that it matters for policy-making ‘how’ the EU received an underlying competence.

Suggested Citation

  • Basedow, Robert, 2020. "The EU's international investment policy ten years on: the policy-making implications of unintended competence transfers," LSE Research Online Documents on Economics 105161, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:105161
    as

    Download full text from publisher

    File URL: http://eprints.lse.ac.uk/105161/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dür, Andreas & De Bièvre, Dirk, 2007. "Inclusion without Influence? NGOs in European Trade Policy," Journal of Public Policy, Cambridge University Press, vol. 27(1), pages 79-101, May.
    2. repec:lic:licosd:34614 is not listed on IDEAS
    3. Dimopoulos, Angelos, 2011. "EU Foreign Investment Law," OUP Catalogue, Oxford University Press, number 9780199698608.
    4. Meunier, Sophie, 2000. "What Single Voice? European Institutions and EU–U.S. Trade Negotiations," International Organization, Cambridge University Press, vol. 54(1), pages 103-135, January.
    5. Elkins, Zachary & Guzman, Andrew T. & Simmons, Beth A., 2006. "Competing for Capital: The Diffusion of Bilateral Investment Treaties, 1960–2000," International Organization, Cambridge University Press, vol. 60(4), pages 811-846, October.
    6. Sophie Meunier & Kalypso Nicolaïdis, 1999. "Who Speaks for Europe? The Delegation of Trade Authority in the EU," Journal of Common Market Studies, Wiley Blackwell, vol. 37(3), pages 477-501, September.
    7. Stijn Billiet, 2006. "From GATT to the WTO: The Internal Struggle for External Competences in the EU," Journal of Common Market Studies, Wiley Blackwell, vol. 44(5), pages 899-919, December.
    8. Alasdair R. Young, 2016. "Not your parents' trade politics: the Transatlantic Trade and Investment Partnership negotiations," Review of International Political Economy, Taylor & Francis Journals, vol. 23(3), pages 345-378, May.
    9. Aisbett, Emma, 2007. "Bilateral Investment Treaties and Foreign Direct Investment: Correlation versus Causation," MPRA Paper 2255, University Library of Munich, Germany.
    10. Lisa Lechner, 2016. "The domestic battle over the design of non-trade issues in preferential trade agreements," Review of International Political Economy, Taylor & Francis Journals, vol. 23(5), pages 840-871, September.
    11. repec:bla:jcmkts:v:44:y:2006:i::p:899-919 is not listed on IDEAS
    12. Matthias Busse & Peter Nunnenkamp & Mariana Spatareanu, 2010. "Foreign Direct Investment and Labor Rights: A Panel Analysis of Bilateral FDI Flows," Working Papers Rutgers University, Newark 2010-002, Department of Economics, Rutgers University, Newark.
    13. van Harten, Gus, 2007. "Investment Treaty Arbitration and Public Law," OUP Catalogue, Oxford University Press, number 9780199217892.
    14. Mary Hallward-Driemeier, 2003. "Do bilateral investment treaties attract foreign direct investment? Only a bit - and they could bite," Policy Research Working Paper Series 3121, The World Bank.
    15. Peter Egger & Valeria Merlo, 2007. "The Impact of Bilateral Investment Treaties on FDI Dynamics," The World Economy, Wiley Blackwell, vol. 30(10), pages 1536-1549, October.
    16. Adam S. Chilton, 2016. "The political motivations of the United States’ bilateral investment treaty program," Review of International Political Economy, Taylor & Francis Journals, vol. 23(4), pages 614-642, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Robert Basedow, 2021. "The EU's International Investment Policy ten years on: the Policy‐Making Implications of Unintended Competence Transfers," Journal of Common Market Studies, Wiley Blackwell, vol. 59(3), pages 643-660, May.
    2. Seungjun Kim, 2023. "Protecting home: how firms’ investment plans affect the formation of bilateral investment treaties," The Review of International Organizations, Springer, vol. 18(4), pages 667-692, October.
    3. Josef C. Brada & Zdenek Drabek & Ichiro Iwasaki, 2021. "Does Investor Protection Increase Foreign Direct Investment? A Meta‐Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 35(1), pages 34-70, February.
    4. Cao, Thi Hong Vinh & Lu, Thi Thu Trang & Nguyen, Thi Viet Hoa, 2014. "The Impact of Heterogeneous Bilateral Investment Treaties (BIT) on Foreign Direct Investment (FDI) inflows to Vietnam," Papers 916, World Trade Institute.
    5. Li, Shi & Urata, Shujiro & Zhao, Long, 2024. "Does the quality of bilateral investment treaties matter for outward foreign direct investment?," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 207-218.
    6. Matthias Busse & Jens Königer & Peter Nunnenkamp, 2010. "FDI promotion through bilateral investment treaties: more than a bit?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 146(1), pages 147-177, April.
    7. repec:lic:licosd:34614 is not listed on IDEAS
    8. Arjan Lejour & Maria Salfi, 2015. "The Regional Impact of Bilateral Investment Treaties on Foreign Direct Investment," CPB Discussion Paper 298, CPB Netherlands Bureau for Economic Policy Analysis.
    9. Jay Dixon & Paul Alexander Haslam, 2016. "Does the Quality of Investment Protection Affect FDI Flows to Developing Countries? Evidence from Latin America," The World Economy, Wiley Blackwell, vol. 39(8), pages 1080-1108, August.
    10. Shunya Ozawa, 2023. "Do international investment agreements attract foreign direct investment in knowledge intensive industries?," The World Economy, Wiley Blackwell, vol. 46(7), pages 2080-2101, July.
    11. Li, Shi & Zhao, Long, 2021. "Bilateral investment treaties and foreign direct investment: Evidence from emerging market firms," Research in International Business and Finance, Elsevier, vol. 58(C).
    12. Colen, Liesbeth & Persyn, Damiaan & Guariso, Andrea, 2016. "Bilateral Investment Treaties and FDI: Does the Sector Matter?," World Development, Elsevier, vol. 83(C), pages 193-206.
    13. O’Steen Brianna, 2021. "Bilateral labor agreements and the migration of Filipinos: An instrumental variable approach," IZA Journal of Development and Migration, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 12(1), pages 1-29, January.
    14. Amendolagine, Vito & Prota, Francesco, 2021. "Bilateral investment treaties and backward linkages in Sub-Saharan Africa," International Economics, Elsevier, vol. 165(C), pages 172-185.
    15. Li, Chen, 2016. "Signing a Bilateral Investment Treaty - A tradeoff between investment protection and regulation," VfS Annual Conference 2016 (Augsburg): Demographic Change 145505, Verein für Socialpolitik / German Economic Association.
    16. Cardamone, Paola & Scoppola, Margherita, 2012. "Trade costs and the pattern of Foreign Direct Investment: evidence from five EU countries," 2012 First Congress, June 4-5, 2012, Trento, Italy 124106, Italian Association of Agricultural and Applied Economics (AIEAA).
    17. Matteo Fiorini & Bernard Hoekman, 2020. "EU services trade liberalization and economic regulation: Complements or substitutes?," The Review of International Organizations, Springer, vol. 15(1), pages 247-270, January.
    18. Mina, Wasseem, 2012. "Beyond FDI: The Influence of Bilateral Investment Treaties on Debt," MPRA Paper 51920, University Library of Munich, Germany.
    19. Xiong, Tingting, 2022. "The Effect of Bilateral Investment Treaties (BITs) on the extensive and intensive margins of exports," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 68-79.
    20. Aisbett, Emma & Busse, Matthias & Nunnenkamp, Peter, 2016. "Bilateral investment treaties do work: Until they don't," Kiel Working Papers 2021, Kiel Institute for the World Economy (IfW Kiel).
    21. Axel Berger & Matthias Busse & Peter Nunnenkamp & Martin Roy, 2013. "Do trade and investment agreements lead to more FDI? Accounting for key provisions inside the black box," International Economics and Economic Policy, Springer, vol. 10(2), pages 247-275, June.

    More about this item

    Keywords

    FDI; ISDS; bilateral investment treaties; integration theory; competence struggles;
    All these keywords.

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:lserod:105161. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.