A multilateral Framework on Investment: Attempts, Outcomes and Proposal

Author/s Elvira Sapienza
Publishing Year 2010 Issue 2009/98 Language English
Pages 30 P. 59-88 File size 673 KB
DOI 10.3280/STE2009-098003
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<em>A Multilateral Framework on Investment: Attempts, Outcomes and Proposals</em> - So far the efforts to develop a multilateral regime have failed because of a divergence in approaches between developed and developing countries. States have made efforts to create rules through bargaining and negotiating within international economic institutions that they see as instruments through which pursuing their specific economic interests. These rules, in turn, will shape state behaviour. The key question, especially for developing countries, is whether such sets of rules reflect an existing distribution of economic power or whether these rules can transform power based relationships. This paper examines the complexity of the issues involved in the creation of a comprehensive framework for investment going through the different attempts, the results obtained and analysing the different positions in order to discuss the need of creating such a framework, its form and the best forum.

Jel codes: F21, F23, F33, F15

Elvira Sapienza, A multilateral Framework on Investment: Attempts, Outcomes and Proposal in "STUDI ECONOMICI " 98/2009, pp 59-88, DOI: 10.3280/STE2009-098003