Description
International Investment for Sustainable Development critically examines the interface between sustainability, development, and the governance of international investment. It challenges the conventional view that foreign direct investment is a 'miracle drug' for developing countries and exposes serious shortcomings in the current international investment regime. Composed of norms, agreements, treaties and regulations, the emerging investment regime expands the rights of transnational corporations (TNCs) without commensurate rewards for the common good.Drawing on both research and engaged advocacy, the contributors ultimately map out a new way forward, towards the creation and implementation of international investment rules that will promote global sustainability and equity.
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Foreign direct investment FDI can potentially aid sustainable development through the transfer of technologies and skills, however many of the policies governments adopt in order to attract FDI can come at the expense of sustainable and equitable development. Zarsky (Global Development and Environment Institute at the Fletcher School of Law and Diplomacy and Tufts U.) presents eight papers that examine the links between FDI, development, and sustainability and consider the international governance of investment. Individual topics include an assessment of the empirical evidence on FDI and the environment, the emerging development paradigm in Asia, investor protections in NAFTA's Chapter 11, and dispute settlement in bilateral investment treaties, among other issues. Distributed in the US by Stylus. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)
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