Foreign Direct Investment in Less Developed Countries

James Calvin Baker

ISBN 10: 1567203124 / ISBN 13: 9781567203127

Published by ABC-Clio, Incorporated, 1999

About this Item

pp. 252 Index.

Seller Inventory # 263135559

Bibliographic Details

• Title: Foreign Direct Investment in Less Developed Countries
• Publisher: ABC-Clio, Incorporated
• Publication Date: 1999
• Language: English
• ISBN 10: 1567203124
• ISBN 13: 9781567203127
• Binding: Hardcover
• Condition: Used

About this title

Synopsis

The International Centre for Settlement of Investment Disputes (ICSID) and the Multilateral Investment Guarantee Agency (MIGA) are two of the more significant international agencies whose objective is to promote foreign direct investment in less developed countries (LDCs). This is the first detailed treatment of their establishment, the history of their operations, and an evaluation of these operations.

ICSID, established in 1966, facilitates the arbitration or conciliation of investment contract disputes between foreign investors from countries that are signatories of the ICSID Convention and host signatory states. MIGA, whose first year of operations was 1988, insures foreign investment against political risks. Drawing on cases, Baker shows how the functions of these two agencies have encouraged a significant amount of foreign investment in LDCs and how the operations of these two agencies continue to grow in importance. Scholars, professionals, and policy makers will find this to be the most comprehensive description available of these important agencies.

About the Author

JAMES C. BAKER is Professor of Finance and International Business at Kent State University./e He is the author of numerous books and articles on international finance.