The main aim of this book is to assess the importance of international rules for foreign direct investment and the major challenges to international harmonization of those rules. Particular attention is paid to the most controversial and contentious issues with the view of appraising the...

AbstractThe following sections are included:IntroductionArguments in Favor of HarmonizationArguments for Regulatory DiversityA Way Forward in the Debate and Negotiations of International HarmonizationTheoretical issuesWhat is not working in our attempts to harmonize trade rules?Practical...

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...

We examine the role of FDI in facilitating money laundering and illegal capital flight, focusing on transition economies’ FDI outflows because they largely reflect current investment decisions rather than the inertia of past decisions. We estimate a model of FDI outflows in which illicit money...