+612 9045 4394
Paperback
Published: 2000
ISBN: 9780881322729
Number Of Pages: 262
For Ages: 22+ years old
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Antiglobalist forces have been gaining greater momentum in recent years in their efforts to reverse what they view as the negative effects of an integrating global economy. Their influence was felt earlier when efforts to create a Multilateral Agreement on Investment (MAI) ended in failure in 1998 after France left the bargaining table at the Organization for Economic Cooperation and Development, effectively killing the initiative. In this book, through an evaluation of the MAI itself and the issues raised by its opponents, Edward M. Graham takes a fresh look at the growing backlash against globalization.
This volume can occupy a pivotal place in setting the terms for discussion of foreign direct investment and globalization. -- Theodore H. Moran, director and Karl F. Landegger Professor of International Business Diplomacy, Georgetown University [Graham's book] demolishes many of the [antiglobalist] arguments, including the claims that foreign direct investment results in job losses at home and drives down labor, environmental, and wage standards everywhere. Time Magazine (Europe Edition) [A] brilliant picture of two world views in conflict that has lessons for everyone interested in governance and public affairs. -- Tom Spencer, retired member of European Parliament Journal of Public Affairs
| Preface | p. xi |
| Acknowledgments | p. xv |
| Introduction | p. 1 |
| The Dog That Did Not Bark | p. 1 |
| FDI and Its Benefits | p. 3 |
| The MAI Negotiations Falter | p. 7 |
| The Negotiations Fail | p. 10 |
| An Economic Autopsy of the MAI | p. 12 |
| The MAI and the Politics of Failure: Who Killed the Dog? | p. 15 |
| The MAI Is Conceived | p. 20 |
| Deep Internal Difficulties Emerge | p. 25 |
| The NGOs Enter the Stage | p. 35 |
| The Cavalry That Did Not Arrive | p. 49 |
| Dissecting the MAI | p. 51 |
| The Structure of the MAI | p. 54 |
| Goals, Scope, and Applications | p. 55 |
| Obligations of Host Countries | p. 57 |
| Dispute Settlement Procedures | p. 74 |
| Exceptions, Safeguards, and Reservations | p. 78 |
| The Mouse That Might Have Roared? | p. 80 |
| Globalization, Foreign Direct Investment, and Labor | p. 81 |
| Direct Investment and Wages in Developing Countries | p. 84 |
| Globalization and the Sweatshop Issue | p. 99 |
| US Direct Investment Abroad and Employment in the United States | p. 106 |
| Does Globalization Reduce Workers' Bargaining Power? | p. 125 |
| Summary and Conclusion | p. 129 |
| Globalization, Foreign Direct Investment, and the Environment | p. 131 |
| The Environmental Impact of Globalization and Growth | p. 134 |
| Foreign Investment: Can It Be Made Part of the Solution to the Environmental Problem? | p. 148 |
| Toward Global Rules That Are Environmentally Friendly | p. 158 |
| Conclusion | p. 161 |
| The MAI and the Developing Countries | p. 165 |
| The Changing Position of Developing Countries on Foreign Direct Investment | p. 167 |
| Changing Attitudes Toward Multilateral Rule Making | p. 173 |
| Developing Countries and the Provisions of the MAI | p. 175 |
| Is There a Deal Breaker? | p. 183 |
| Is Any Negotiation on Investment Between Developing and Developed Countried Doomed to Failure? | p. 184 |
| Where Does the Multilateral Investment Agenda Go From Here? | p. 185 |
| Arguments For and Against Multilateral Investment Rules | p. 186 |
| Is There a Constituency for Multilateral Investment Rules? | p. 190 |
| A Comprehensive WTO Investment Agreement: A Bridge Too Far? | p. 198 |
| Productivity and Wage Determination | p. 201 |
| Is Foreign Direct Investment a Complement to Trade? | p. 207 |
| References | p. 213 |
| Index | p. 223 |
| Tables | |
| Annual Compensation per worker by foreign affiliates and parent companies of US multinational corporations, by industry, 1996 | p. 92 |
| Average compensation paid by foreign affiliates and average domestic manufacturing wage, by host-country income, 1994 | p. 94 |
| US direct investment position abroad by host-country income, 1997 | p. 107 |
| Countries in the sample by income category in 1985 and 1995 | p. 108 |
| Net fixed assets of foreign manufacturing affiliates of US multinational corporations and of US manufacturing firms, by host-country income, 1996 | p. 114 |
| US FDI and US unemployment | p. 116 |
| Trade in goods among foreign affiliates, their US parents, and unaffiliated firms by host-country income, 1995 | p. 118 |
| Coefficients indicating relationship between US exports or imports of manufactured goods and US direct investment abroad | p. 120 |
| FDI-related activities and trade | p. 212 |
| Figures | |
| Outflows of US foreign direct investment by host-country income (1995 income categories) | p. 109 |
| Shares of US foreign direct investment outflows by host-country income (1995 income categories) | p. 109 |
| Outflows of US foreign direct investment by host-country income (1985 income categories) | p. 110 |
| Shares of US foreign direct investment by host-country income (1985 income categories) | p. 110 |
| Outflows of US equity capital by hot-country income (1995 income categories) | p. 111 |
| Shares of US equity capital outflows by host-country income (1995 income categories) | p. 112 |
| Outflows of US equity by host-country income (1985 income categories) | p. 112 |
| Shares of US equity capital outflows by host-country income (1985 income categories) | p. 113 |
| Income and pollution | p. 138 |
| The optimum level of pollution control | p. 151 |
| Table of Contents provided by Syndetics. All Rights Reserved. |
ISBN: 9780881322729
ISBN-10: 0881322725
Series: Praeger Special Studies in U.S, Economic, Social, and Political Issues
Audience:
Professional
For Ages: 22+ years old
Format:
Paperback
Language:
English
Number Of Pages: 262
Published: 2000
Publisher: The Peterson Institute for International Economics
Country of Publication: US
Dimensions (cm): 22.8 x 15.4
x 1.5
Weight (kg): 0.25
Earn 88 Qantas Points
on this Book
