Global regulation of foreign direct investment: The difficulty of creating and importance for international trade Cover Image

Globalne regulacje bezpośrednich inwestycji zagranicznych. Trudności tworzenia i znaczenie dla handlu międzynarodowego
Global regulation of foreign direct investment: The difficulty of creating and importance for international trade

Author(s): Wanda Dugiel
Subject(s): National Economy, Business Economy / Management
Published by: Wydawnictwo Uniwersytetu Jagiellońskiego
Keywords: international trade; World Trade Organization; foreign direct investment; International Center for Settlement of Investment Disputes (ICSID); bilateral investment treaty (BIT)

Summary/Abstract: The aim of the paper is to present the attempts to create the regulation of foreign direct investment within the framework of international cooperation which can positively influence the growth of trade in the world. The issue of the establishment of a multilateral investment agreement has gained in importance during the global economic crisis in 2008–2009 and in the later years because of the importance of direct investment in the creation of gross domestic product of countries and the stagnation of the multilateral trade negotiations under the Doha Round, which abandoned the issue of investment at a ministerial conference in Cancun in 2003 as a result of the opposition of developing countries in this matter. Developed countries, determining the multilateral trade agreements, may adopt common multilateral approaches to the issue of foreign direct investment. The success of regulating the legal protection of investors in the TTIP and TTP can create standard solutions for multilateral agreements on a global scale.

  • Issue Year: 35/2016
  • Issue No: 2
  • Page Range: 56-68
  • Page Count: 13
  • Language: Polish