The Effect of Treaties on Foreign Direct Investment: Bilateral Investment Treaties, Double Taxation Treaties, and Investment Flows

ISBN-13: 9780195388534 / Angielski / Twarda / 2009

Karl P. Sauvant; Lisa E. Sachs

Opis

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.

Recenzje

Sachs and Sauvant have assembled a collection of rigorous, and at times competing, studies on a timely and challenging subject. The book provides an exceptionally close look at the relationship between treaties and foreign direct investment-an important issue of great interest to practitioners, scholars and policymakers alike.

O autorze

Karl P. Sauvant is a Resident Senior Fellow and Founding Executive Director of the Vale Columbia Center on Sustainable International Investment, and Guest Professor at Nankai University, China. Before that, he was Director of UNCTAD's Investment Division. He is the author of, or responsible for, a substantial number of publications. In 2006, he was elected an Honorary Fellow of the European International Business Academy. He received his Ph.D. from the University of Pennsylvania in 1975. Lisa Sachs is the Director of the Vale Columbia Center on Sustainable International Investment. She is the author of The Effect of Treaties on Foreign Direct Investment (Oxford University Press, 2009) with Karl P. Sauvant.