Foreign Direct Investment screening for "national security"or sustainable development : a blessing in disguise?

Daniel Uribe Teran

Over the past decade, the global adoption of Foreign Direct Investment (FDI) screening mechanisms (ISMs) has surged, reflecting developed countries' policies aiming at restricting FDI on the grounds of broadly defined 'security' or 'national' interests. Recent geopolitical and economic crises have further fuelled this trend, leading to increasingly stringent ISMs. This paper explores the definition, evolution, and current practices of ISMs, highlighting their resurgence and differing motivations globally. It examines how, if properly used, ISMs could also be used to promote sustainable development and resilience, and advance climate action agendas. The paper also provides policymakers with insights into maximizing the impact of ISMs to achieve sustainable development and economic resilience in an interconnected world.

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Year of publication:	[2024]
Authors:	Terán, Daniel Uribe
Publisher:	Geneva, Switzerland : South Centre
Subject:	Climate Action \| Daniel Uribe \| Economic Diversification \| Foreign Direct Investment (FDI) \| Global Investment Regime \| Industrial Policy \| Innovation \| International Investment Agreements (IIAs) \| International Investment Regime \| Investment \| Investment Agreement \| Investment Screening Mechanisms (ISMs) \| National Security \| Resilience \| Risk Assessment \| Sustainable Development \| Technology Transfer \| Auslandsinvestition \| Foreign investment \| Welt \| World \| Nachhaltige Entwicklung \| Sustainable development \| Internationales Investitionsrecht \| International investment law \| Technologietransfer \| Technology transfer \| Investitionspolitik \| Investment policy \| Industriepolitik \| Industrial policy