Introduction

Zdenek Drabek and Petros C. Mavroidis

Chapter 1 in Regulation of Foreign Investment:Challenges to International Harmonization, 2013, pp 1-12 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe inspiration for this book came from two sources: First, one cannot be but impressed by the spectacular growth of foreign investment over the last three decades — despite the imperfect regulatory frameworks in which they operate. Globalization has brought about a rapid growth of international trade but even more dramatic growth of cross-border foreign investment — both portfolio and direct. World FDI stocks increased at an annual rate of almost 12 percent between 1980 and 2008, growing at almost a double rate of world output as well as significantly faster than the annual growth of world merchandise exports or world exports of services. The growth of cross-border foreign investment is all the more impressive given the absence of a globally binding agreement on foreign investment…

Keywords: Harmonization; Regulation; Foreign Investment; International Economics (search for similar items in EconPapers)
Date: 2013
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