TY - GEN

AU - Hoekman, Bernard

AU - Saggi, Kamal

TI - Multilateral Disciplines for Investment-Related Policies

PB - The World Bank

KW - Costs

KW - Debt Markets

KW - Economic Theory and Research

KW - Economics

KW - Economy

KW - Emerging Markets

KW - Expectations

KW - Exports

KW - Finance and Financial Sector Development

KW - Foreign Direct Investment

KW - Free Trade

KW - Goods

KW - Incentives

KW - International Economics & Trade

KW - Investment

KW - Investment and Investment Climate

KW - Labor Policies

KW - Macroeconomics and Economic Growth

KW - Markets

KW - Multilateral Trade

KW - Non Bank Financial Institutions

KW - Payments

KW - Positive Externalities

KW - Private Sector Development

KW - Public Sector Corruption and Anticorruption Measures

KW - Risk Averse

KW - Social Protections and Labor

KW - Subsidy

KW - Trade Negotiations

KW - Trade and Regional Integration

KW - Transactions Costs

KW - Value

KW - Value Added

KW - WTO

KW - Welfare

PY - 1999

N2 - June 1999 - Is there a strong case for developing countries to support the creation of a multilateral agreement on investment? Probably not. Existing agreements offer ample scope for liberalizing foreign direct investment in the area that matters most to developing countries: services. Hoekman and Saggi evaluate the potential benefits of international disciplines on policies toward foreign direct investment for developing countries. They conclude that the case for initiating negotiations on investment policies is weak, at present. Negotiating efforts that center on further liberalizing market access on a nondiscriminatory basis-especially for services-are likely to be more fruitful in terms of economic welfare and growth. Existing multilateral instruments, although imperfect, are far from fully exploited and provide significant opportunities for governments opening further access to markets. Hoekman and Saggi conclude that priority should be given to expanding coverage of the General Agreement on Trade in Services (GATS) before seeking to negotiate general disciplines on investment policies. This paper-a product of Trade, Development Research Group-is part of a larger effort in the group to prepare for the next round of WTO negotiations. The authors may be contacted at bhoekmanworldbank.org or ksaggi @mail.smu.edu

CY - Washington, D.C

UR - http://slubdd.de/katalog?TN_libero_mab2

ER -