The Effect of Treaties on Foreign Direct Investment
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The Effect of Treaties on Foreign Direct Investment : Bilateral Investment Treaties, Double Taxation Treaties, and Investment Flows

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Description

In recent years, the treaties and strategies promoting global investment have changed dramatically. The widespread liberalization of economic policy has effectively spurred an increase in foreign direct investment (FDI). By encouraging foreign investors to enter international markets, many countries are witnessing exponential growth within their economies and local industries. The surge of FDI not only brings capital for emerging or growing industries, but it is also capable of boosting the country's economy by creating greater access to financing, more job opportunities, and potential knowledge and technology spillovers. The basic purpose of concluding bilateral investment treaties (BITs) and double taxation treaties (DTTs) is to signal to investors that investments will be legally protected under international law in case of political turmoil and to mitigate the possibility of double taxation of foreign entities. But the actual effect of BITs and DTTs on the flows of foreign direct investment is debatable. The Effect of Bilateral Investment Treaties and Double Taxation Treaties on Foreign Direct Investment Flows is a comprehensive assessment of the performance of these treaties, and presents the most recent literature on BITs and DTTs and their impact on foreign investments.show more

Product details

  • Hardback | 800 pages
  • 160.02 x 241.3 x 50.8mm | 1,133.98g
  • Oxford University Press Inc
  • New York, United States
  • English
  • tables and figures
  • 0195388534
  • 9780195388534
  • 2,006,462

About Karl P. Sauvant

Karl P. Sauvant is a Resident Senior Fellow and Founding Executive Director of the Vale Columbia Center on Sustainable International Investment, and Guest Professor at Nankai University, China. Before that, he was Director of UNCTAD's Investment Division. He is the author of, or responsible for, a substantial number of publications. In 2006, he was elected an Honorary Fellow of the European International Business Academy. He received his Ph.D. from the University of Pennsylvania in 1975. Lisa Sachs is the Director of the Vale Columbia Center on Sustainable International Investment. She is the author of The Effect of Treaties on Foreign Direct Investment (Oxford University Press, 2009) with Karl P. Sauvant.show more

Review quote

Sachs and Sauvant have assembled a collection of rigorous, and at times competing, studies on a timely and challenging subject. The book provides an exceptionally close look at the relationship between treaties and foreign direct investment-an important issue of great interest to practitioners, scholars and policymakers alike. * Mark E. Feldman, ICSID Review, Foreign Investment Law Journal * A comprehensive overview of the state-of-the-art within the literature on IIAs and FDI... the volume is a valuable point of reference for scholars and practitioners alike. * Lauge Skovgaard Poulsen, London School of Economics, European Journal of International Law, Vol 20 No.3, August 2009 *show more

Table of contents

Contributors ; Foreword: Andreas F. Lowenfeld ; Preface: John H. Dunning ; BITs, DTTs and FDI flows: an Overview: Lisa E. Sachs and Karl P. Sauvant ; PART I: Introduction ; A Brief History of International Investment Agreements ; Kenneth J. Vandevelde ; The Framework of Investment Protection: The Content of BITs ; Peter Muchlinski ; Explaining the Popularity of Bilateral Investment Treaties, Andrew T. Guzman ; Double Tax Treaties: An Introduction ; Reuven S. Avi-Yonah ; PART II: Exploring the Impact of Bilateral Investment Treaties on Foreign Direct Investment Flows ; Do BITs Really Work: An Evaluation of Bilateral Investment Treaties and Their Grand Bargain ; Jeswald W. Salacuse and Nicholas P. Sullivan ; Bilateral Investment Treaties and Foreign Direct Investment: A Political Analysis ; Tim Buthe and Helen V. Milner ; Do Bilateral Investment Treaties Increase Foreign Direct Investment to Developing Countries? ; Eric Neumayer and Laura Spess ; The Impact of Bilateral Investment Treaties on Foreign Direct Investment ; Peter Egger and Michael Pfaffermayr ; New Institutional Economics and FDI Location in Central and Eastern Europe ; Robert Grosse and Len J. Trevino ; Do Investment Agreements Attract Investment? Evidence from Latin America ; Kevin P. Gallagher and Melissa B.L. Birch ; The Global BITs Regime and the Domestic Environment for Investment ; Susan Rose-Ackerman ; The Impact on Foreign Direct Investment of BITs ; UNCTAD ; Do Bilateral Investment Treaties Attract FDI? Only a Bit And They Could Bite ; Mary Hallward-Driemeier ; Do BITs Really Work? Revisiting the Empirical Link between Investment Treaties and Foreign Direct Investment ; Jason Yackee ; Bilateral Investment Treaties and Foreign Direct Investment: Correlation Versus Causation ; Emma Aisbett ; Why Do Developing Countries Sign BITs? ; Deborah L. Swenson ; PART III: Exploring the Impact of Double Taxation Treaties on Foreign Direct Investment Flows ; Do Bilateral Tax Treaties Promote Foreign Direct Investment? ; Bruce A. Blonigen and Ronald B. Davies ; The Effects of Bilateral Tax Treaties on U.S. FDI Activity ; Bruce A. Blonigen and Ronald B. Davies ; The Impact of Endogenous Tax Treaties on Foreign Direct Investment: Theory and Empirical Evidence ; Peter Egger, Mario Larch, Michael Pfaffermayr and Hannes Winner ; Host-Country Governance, Tax Treaties and U.S. Direct Investment Abroad ; Henry J. Louie and Donald J. Rousslang ; Tax Treaties for Investment and Aid to Sub-Saharan Africa: A Case Study ; Allison D. Christians ; It's All in the Timing: Assessing the Impact of Bilateral Tax Treaties on U.S. FDI Activity ; Daniel L. Millimet and Abdullah Kumas ; Do Double Taxation Treaties Increase Foreign Direct Investment to Developing Countries? ; Eric Neumayer ; PART IV: Exploring the Impact of Tax and Investment Treaties on Foreign Direct Investment Flows ; The Effect of Tax and Investment Treaties on Bilateral FDI Flows to Transition Economies ; Tom Coupe, Irina Orlova and Alexandre Skiba ; Selected Bibliography on Bilateral Investment Treaties and Double Taxation Treaties ; Lisa E. Sachsshow more

Review Text

A comprehensive overview of the state-of-the-art within the literature on IIAs and FDI... the volume is a valuable point of reference for scholars and practitioners alike. Lauge Skovgaard Poulsen, London School of Economics, European Journal of International Law, Vol 20 No.3, August 2009show more