Abstract
During the last decade the world stock of foreign direct investment has more than doubled. Nevertheless, considerable impediments to FDI continue to exist. The following paper discusses these and offers an answer to the question as to whether multilateral rules on FDI are necessary to remove these barriers and what form these rules could take.
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References
For an account of the negotations see P. Hayes: Foreign Direct Investment: Will the Uruguay Round Make a Difference?, Royal Institute of International Affairs, London 1990.
D. Julius: Foreign Direct Investment: The Neglected Twin of Trade, Group of Thirty: Occasional Paper 33, Washington, DC 1991.
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See the review of the causes of direct investment in: S. Thomsen, P. Nicolaides: The Evolution of Japanese Direct Investment in Europe, Harvester-Wheatsheaf, London 1991.
D. Julius, op. cit. Foreign Direct Investment: The Neglected Twin of Trade, Group of Thirty: Occasional Paper 33, Washington, DC 1991.
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Cf. M. Yoshitomi, op. cit..
Cf. S. Thomsen, P. Nicolaides, op. cit. The Evolution of Japanese Direct Investment in Europe, Harvester-Wheatsheaf, London 1991.
Ibid. Cf. S. Thomsen, P. Nicolaides, op. cit. The Evolution of Japanese Direct Investment in Europe, Harvester-Wheatsheaf, London 1991.
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P. Patel, K. Pavitt, op. cit. Large Firms in the Production of the World's Technology, in: Journal of International Business Studies, Vol. 22, 1991, pp. 1–21.
Cited in J. Cantwell, J. Dunning, op. cit. MNEs, Technology and the Competitiveness of European Industries, in: Aussenwirtschaft, Vol. 46, 1991, pp. 45–65.
Cf. M. Yoshitomi, op. cit..
J. Cantwell, op. cit. The Organisation of European Industries after Integration, in: Journal of Common Market Studies, Vol. 26, 1987, pp. 127–151; J. Cantwell, J. Dunning: MNEs, Technology and the Competitiveness of European Industries, in: Aussenwirtschaft, Vol. 46, 1991, pp. 45–65.
For a more elaborate analysis of the effects of restrictions to takeovers see P. Nicolaides: Investment Policies in an Integrated World Economy, in: The World Economy, Vol. 14, 1991, pp. 121–137.
See e.g. P. Nicolaides: Predatory Behaviour, mimeo, European Institute of Public Administration, 1992.
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Nicolaides, P. Multilateral rules on foreign direct investment. Intereconomics 28, 79–86 (1993). https://doi.org/10.1007/BF02928108
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DOI: https://doi.org/10.1007/BF02928108