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Intends to assess the importance of international rules for foreign direct investment and the major challenges to international harmonization of rules. In this title, particular attention is paid to the most controversial and contentious issues with the view of appraising the prospects for establishing global rules.

Protectionism is a major concern in the international trading community. The question that arises is how the emergence of protectionism can be prevented and whether regional trade arrangements are a suitable mechanism to enforce liberal trade policies. This book examines these issues, concluding that the success of regional trading arrangements in enforcing good trade policies depends on the quality of the regional agreement and its implementation-simple free trade area is unlikely to be sustainable in the long-run without firm commitments of members to deeper integration.

This book examines these issues, concluding that the success of regional trading arrangements in enforcing good trade policies depends on the quality of the regional agreement and its implementation - simple free trade area is unlikely to be sustainable in the long-run without firm commitments of members to deeper integration.