{"product_id":"is-the-policy-framework-for-investment-developed-by-the-oecd-a-possible-alternative-for-the-adoption-of-a-multilateral-instrument-von-fabian-junge","title":"Is the Policy Framework for Investment developed by the OECD a possible alternative for the adoption of a multilateral instrument?","description":"\u003cp\u003eSeminar paper from the year 2012 in the subject Law - Civil \/ Private, Trade, Anti Trust Law, Business Law, grade: 1,3, University of Groningen, language: English, abstract: When examining the development of foreign direct investment and the effects of multinational\u003c\/p\u003e\u003cp\u003ecorporations over the last decades, one has to come to the conclusion that the importance increased and\u003c\/p\u003e\u003cp\u003egrew significantly. Until the 1970s most of the countries were opposed to foreign direct investment due to\u003c\/p\u003e\u003cp\u003ea fear of losing economic and political independence by allowing foreign control over their economic\u003c\/p\u003e\u003cp\u003eresources and their key industries. Since the 1990s, there has been a positive turn towards foreign direct\u003c\/p\u003e\u003cp\u003einvestment and its liberalization, because it is predominantly seen as requirement for economic growth,\u003c\/p\u003e\u003cp\u003eproductivity increase, creation of export potential and technology transfer. As a result, the amount of\u003c\/p\u003e\u003cp\u003eforeign direct investment expanded faster than the world economy and the volume of international trade\u003c\/p\u003e\u003cp\u003eresulting in a need to control the investment flows and to regulate the area.1\u003c\/p\u003e\u003cp\u003eBy virtue of the rather sensitive topic of foreign direct investments, it was impossible in the past for the\u003c\/p\u003e\u003cp\u003einternational community to agree upon an uniform and harmonized international regime setting out the\u003c\/p\u003e\u003cp\u003estandards for international investments. Hence, a multitude of national and international policy rules and\u003c\/p\u003e\u003cp\u003eprinciples govern the relevant aspects in this field resulting in a variety of international investment\u003c\/p\u003e\u003cp\u003eagreements. As an example, more than 2670 bilateral investment treaties and more than 270 other\u003c\/p\u003e\u003cp\u003einternational investment agreements have been adopted globally until the end of 2008.2\u003c\/p\u003e\u003cp\u003eNevertheless, the plurality of the different international investment agreements with their different scopes,\u003c\/p\u003e\u003cp\u003edifferent types, different signatories have led to a patchwork of treaties resulting in a highly fragmented\u003c\/p\u003e\u003cp\u003eand incoherent international investment regime. As a result of this and the problems accompanying it,\u003c\/p\u003e\u003cp\u003esuch as a more and more complex structure and an increase in investment disputes due to the\u003c\/p\u003e\u003cp\u003einterpretation and implementation of these treaties, the desire to adopt a general coherent framework for\u003c\/p\u003e\u003cp\u003einvestment has been stirred, especially by international organizations like the WTO or the OECD.\u003c\/p\u003e\u003cp\u003eThe OECD (Organization for Economic Co-operation and Development) is an international economic\u003c\/p\u003e\u003cp\u003eorganization consisting out of 34 countries and was founded in 1961 to stimulate economic progress and\u003c\/p\u003e\u003cp\u003eworld trade.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783656230748\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783656230748","offer_id":39445764767837,"sku":"9783656230748","price":17.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/8f2fc043-a551-4800-8385-fb6e73727ede.jpg?v=1777958676","url":"https:\/\/shop.autorenwelt.de\/products\/is-the-policy-framework-for-investment-developed-by-the-oecd-a-possible-alternative-for-the-adoption-of-a-multilateral-instrument-von-fabian-junge","provider":"Autorenwelt Shop","version":"1.0","type":"link"}