The Effect of Treaties on Foreign Direct Investment Bilateral Investment Treaties, Double Taxation Treaties, and Investment Flows

by Sauvant, Karl P; Sachs, Lisa E

• ISBN13: 9780195388534
• ISBN10: 0195388534
• Format: Hardcover
• Copyright: 2009-03-27
• Publisher: Oxford University Press

Summary

In recent years, the treaties and strategies promoting global investment have changed dramatically. The widespread liberalization of economic policy has effectively spurred an increase in foreign direct investment (FDI). By encouraging foreign investors to enter international markets, many countries are witnessing exponential growth within their economies and local industries. The surge of FDI not only brings capital for emerging or growing industries, but it is also capable of boosting the country's economy by creating greater access to financing, more job opportunities, and potential knowledge and technology spillovers. The basic purpose of concluding bilateral investment treaties (BITs) and double taxation treaties (DTTs) is to signal to investors that investments will be legally protected under international law in case of political turmoil and to mitigate the possibility of double taxation of foreign entities. But the actual effect of BITs and DTTs on the flows of foreign direct investment is debatable. The Effect of Bilateral Investment Treaties and Double Taxation Treaties on Foreign Direct Investment Flows is a comprehensive assessment of the performance of these treaties, and presents the most recent literature on BITs and DTTs and their impact on foreign investments.

Author Biography

Dr. Karl P. Sauvant is the Executive Director of the Columbia University Program on International Investment and a Research Scholar and Lecturer in Law at Columbia Law School. Dr. Sauvant has published extensively on issues related to economic development and FDI. His name is associated with some 150 United Nations publications on FDI over the past three decades.
Lisa E. Sachs is the Program Coordinator at the Vale Columbia Center on Sustainable International Investment at Columbia University. She received a J.D. and a Master of International Affairs from Columbia in May 2008. Her academic research has focused on foreign investment, corporate responsibility, human rights, and economic development. Dr. Karl P. Sauvant is the Executive Director of the Columbia University Program on International Investment and a Research Scholar and Lecturer in Law at Columbia Law School. Dr. Sauvant has published extensively on issues related to economic development and FDI. His name is associated with some 150 United Nations publications on FDI over the past three decades.

Table of Contents

Contributors	p. xi
Foreword	p. xxi
Preface	p. xxv
BITs, DTTs, and FDI flows: An Overview	p. xxvii
Introduction
A Brief History of International Investment Agreements	p. 3
The Framework of Investment Protection: The Content of BITs	p. 37
Explaining the Popularity of Bilateral Investment Treaties	p. 73
Double Tax Treaties: An Introduction	p. 99
Exploring the Impact of Bilateral Investment Treaties on Foreign Direct Investment Flows
Do BITs Really Work?: An Evaluation of Bilateral Investment Treaties and Their Grand Bargain	p. 109
Bilateral Investment Treaties and Foreign Direct Investment: A Political Analysis	p. 171
Do Bilateral Investment Treaties Increase Foreign Direct Investment to Developing Countries?	p. 225
The Impact of Bilateral Investment Treaties on Foreign Direct Investment	p. 253
New Institutional Economics and FDI Location in Central and Eastern Europe	p. 273
Do Investment Agreements Attract Investment? Evidence from Latin America	p. 295
The Global BITs Regime and the Domestic Environment for Investment	p. 311
The Impact on Foreign Direct Investment of BITs Unctad	p. 323
Do Bilateral Investment Treaties Attract FDI? Only a Bit...And They Could Bite	p. 349
Do BITs Really Work?: Revisiting the Empirical Link between Investment Treaties and Foreign Direct Investment	p. 379
Bilateral Investment Treaties and Foreign Direct Investment: Correlation versus Causation	p. 395
Why Do Developing Countries Sign BITs?	p. 437
Exploring the Impact of Double Taxation Treaties on Foreign Direct Investment Flows
Do Bilateral Tax Treaties Promote Foreign Direct Investment?	p. 461
The Effects of Bilateral Tax Treaties on U.S. FDI Activity	p. 485
The Impact of Endogenous Tax Treaties on Foreign Direct Investment: Theory and Empirical Evidence	p. 513
Host-Country Governance, Tax Treaties, and U.S. Direct Investment Abroad	p. 541
Tax Treaties for Investment and Aid to Sub-Saharan Africa: A Case Study	p. 563
It's All in the Timing: Assessing the Impact of Bilateral Tax Treaties on U.S. FDI Activity	p. 635
Do Double Taxation Treaties Increase Foreign Direct Investment to Developing Countries?	p. 659
Exploring the Impact of Tax and Foreign Investment Treaties on Foreign Direct Investment Flows
The Effect of Tax and Investment Treaties on Bilateral FDI Flows to Transition Economies	p. 687
Selected Bibliography on Bilateral Investment Treaties and Double Taxation Treaties	p. 715
Index	p. 725
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