Toward Global Corporate Citizenship: Reframing Foreign Direct Investment Law
Michigan State University Journal of International Law, Vol. 18, p. 1, 2009
32 Pages Posted: 6 Apr 2009 Last revised: 13 Sep 2013
Date Written: December 16, 2009
This article argues that modern foreign direct investment law is a vestige of the colonial era during which early forms of transnational corporations emerged. Unlike international trade law and despite the dramatic developments of the twentieth century, foreign direct investment law remains largely unchanged. Due to a lack of political will, prior multilateral efforts to implement comprehensive foreign direct investment law reforms have been largely unsuccessful. However, in recent years, growing political will has emerged under the umbrella of Global Corporate Citizenship and related movements. This article posits that Global Corporate Citizenship is an opportunity to reframe and reform foreign direct investment law.
Keywords: foreign direct investment, corporate citizenship, international trade, economic development, transnational corporations, colonialism
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