Multilateral Agreement on Investment: Lessons for the WTO from the Failed Oecd-Negotiations

Wirtschaftspolitische Bloetter, Vol. 46, No. 6, pp. 618-628, 1999

28 Pages Posted: 11 Apr 2000 Last revised: 10 Dec 2010

See all articles by Eric Neumayer

Eric Neumayer

London School of Economics and Political Science (LSE)

Date Written: December 7, 2010

Abstract

Economic, political and legal developments in the 1990s occa-sioned OECD members to start negotiations on a multilateral agreement on investment (MAI) in 1995. Three years later these negotiations broke down. While internal disagreements abounded, the opposition from parts of civil society had an important role to play. This paper examines the radical critique by NGOs and the more qualified critique by parliamentary enquiries. It argues that both suffer from a number of misperceptions on the consequences the MAI would have had in reality and on the novelty of many of its provisions. It suggests what the real problems with the draft treaty might have been, especially with regard to developing coun-tries. A clear understanding of these issues is important should negotiations move on to the WTO some time.

Suggested Citation

Neumayer, Eric, Multilateral Agreement on Investment: Lessons for the WTO from the Failed Oecd-Negotiations (December 7, 2010). Wirtschaftspolitische Bloetter, Vol. 46, No. 6, pp. 618-628, 1999. Available at SSRN: https://ssrn.com/abstract=203348

Eric Neumayer (Contact Author)

London School of Economics and Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom
+44 207 955 7598 (Phone)
+44 207 955 7412 (Fax)

HOME PAGE: http://personal.lse.ac.uk/neumayer

Register to save articles to
your library

Register

Paper statistics

Downloads
262
Abstract Views
1,697
rank
116,510
PlumX Metrics