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Foreign direct investments and international agreements: a south perspective

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  • Singh, Ajit

Abstract

This paper examines the implications of PMAI particularly from the standpoint ofdeveloping countries. It argues that (a) the case against an MAI-typeagreement is, if anything, stronger now than before; such a treaty would seriously prejudice economic development; (b) PMAI is not only incompatible with the developmental needs of poor countries, it is also likely to harm theinterests of advanced country citizens and workers; (c) a continuation of thestatus quo in this area (i.e., implementing the bilateral investment treaties) would be preferable for developing countries than the PMAI. The reasoning behind the propositions (a) to (c) above will be briefly presented in this Executive Summary and more fully explained in the main body of the paper.

Suggested Citation

  • Singh, Ajit, 2001. "Foreign direct investments and international agreements: a south perspective," MPRA Paper 24299, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:24299
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    File URL: https://mpra.ub.uni-muenchen.de/24299/1/MPRA_paper_24299.pdf
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    References listed on IDEAS

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    1. Manuel Agosin & Roberto Machado, 2005. "Foreign Investment in Developing Countries: Does it Crowd in Domestic Investment?," Oxford Development Studies, Taylor & Francis Journals, vol. 33(2), pages 149-162.
    2. Hoekman, Bernard & Saggi, Kamal, 1999. "Multilateral disciplines for investment-related policies," Policy Research Working Paper Series 2138, The World Bank.
    3. C Freeman, 1989. "New Technology and Catching Up," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 1(1), pages 85-99, June.
    4. Ethan Kaplan & Dani Rodrik, 2002. "Did the Malaysian Capital Controls Work?," NBER Chapters, in: Preventing Currency Crises in Emerging Markets, pages 393-440, National Bureau of Economic Research, Inc.
    5. Cosh, A. D. & Hughes, A. & Lee, K. & Singh, A., 1989. "Institutional investment, mergers and the market for corporate control," International Journal of Industrial Organization, Elsevier, vol. 7(1), pages 73-100, March.
    6. Devra L. Golbe & Lawrence J. White, 1988. "A Time-Series Analysis of Mergers and Acquisitions in the U.S. Economy," NBER Chapters, in: Corporate Takeovers: Causes and Consequences, pages 265-310, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Yan Liang, 2007. "Does Foreign Direct Investment Provide Desirable Development Finance? The Case of China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 15(2), pages 104-120, March.
    2. Ajit Singh, 2005. "FDI, Globalisation and Economic Development - Towards Reforming National and International Rules of the Game," Working Papers wp304, Centre for Business Research, University of Cambridge.

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    More about this item

    Keywords

    Foreign Direct Investment; South Centre;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics

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