Foreign Investment and Development: The Role of Domestic Policy and International Investment Agreements

The Commonwealth Finance Ministers Reference Report 2008 (London, Commonwealth Secretariat, 2008)

4 Pages Posted: 25 Feb 2009

See all articles by J. Anthony VanDuzer

J. Anthony VanDuzer

University of Ottawa - Common Law Section

Date Written: September 1, 2008

Abstract

All developing countries participate, to greater or lesser degrees, in the global competition for foreign investment. But attracting investment is not the only challenge. Harnessing foreign investment to achieve sustainable development is often even more difficult. What is needed to address these twin challenges varies from one country to the next. This short article argues that for most developing countries creating the right domestic policy environment is necessary but, for some countries at least, will not be sufficient to attract investment or ensure that it contributes to development. New kinds of international investment agreements that do a better job of promoting more stable investment flows and supporting sustainable development are also needed.

Keywords: foreign investment, international economic law

JEL Classification: K33

Suggested Citation

VanDuzer, J. Anthony, Foreign Investment and Development: The Role of Domestic Policy and International Investment Agreements (September 1, 2008). The Commonwealth Finance Ministers Reference Report 2008 (London, Commonwealth Secretariat, 2008). Available at SSRN: https://ssrn.com/abstract=1340723 or http://dx.doi.org/10.2139/ssrn.1340723

J. Anthony VanDuzer (Contact Author)

University of Ottawa - Common Law Section ( email )

57 Louis Pasteur Street
Ottawa, K1N 6N5
Canada

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