Regulating International Business

This timely book points the way towards a new positive regulatory framework for international investment following the failure of the Multilateral Agreement on Investment (MAI). It examines the flaws in free-market strategies underpinning the recent phase of globalization, in particular drawing out the lessons from the MAI, which was suspended in October 1998. The authors explore an alternative based on a positive regulatory framework for international business aimed at maximizing the positive contribution to development of foreign investment and minimizing its negative social and environmental impacts. The contributors include academics, researchers for non-governmental organizations, and business and trade-union representatives, writing from a combination of economic, legal and political perspectives. The book combines academic analysis with grass-roots and practical experience, and suggests concrete policy proposals.

DOMINIC AYINE Graduate of the Universities of Legon in Ghana and Michigan at Ann Arbor, USA V. N. BALASUBRAMANYAM Professor of Development Economics, Lancaster University, UK PETRINA FRIDD Project Manager for Socially Responsible Sourcing at Sainsbury Plc STEPHANY GRIFFITH-JONES Fellow of the Institute of Development Studies, Sussex University, UK BOB HEPPLE, QC Master of Clare College and Professor of Law, University of Cambridge, UK NEIL KEARNEY General Secretary of the Brussels-based International Textile, Garment and Leather-Workers' Federation JENNY KIMMIS Research Assistant at the Institute of Development Studies, Sussex University, UK NICK MABEY Head of Economic Policy at the World Wide Fund for Nature-UK PETER MUCHLINSKI The Draper's Professor of Law, Queen Mary and Westfield College, University of London, UK ROBERT O'BRIEN Associate Professor in the Department of Political Science and Member of the Institute on Globalization and the Human Condition, McMaster University, Canada SOL PICCIOTTO Professor of Law, Lancaster University, UK PEDRO ROLFE Staff Member of UNCTAD JESSICA SAINSBURY Project Assistant for Socially Responsible Sourcing at Sainsbury Plc LAWRENCE TSHUMA Programme Legal Counsel at the International Development Law Institute, Rome, Italy JACOB WERKSMAN Managing Director and Senior Lawyer at FIELD (the Foundation for International Environmental Law and Development)