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This book critically examines the interface between sustainability, development, and the governance of international investment. In doing so it challenges the orthodox view that foreign direct investment (FDI) is the 'miracle drug' for development in poor countries and it exposes serious shortcomings in the current international investment regime, which expands the rights of transnational corporations (TNCs) without commensurate rewards for the common good. Amongst the issues probed are the relationship between FDI and sustainable development in developing countries and the structure and scope of the emerging international investment regime along with the underlying problems it poses for achieving global sustainability and equity. Ultimately the contributors map out a new way forward, towards the creation and implementation of international investment rules that will promote global sustainability, equity and rewards for all.
Foreign investment has been widely perceived as a panacea for developing countries--as a way to reduce poverty and kick-start sustainable modern industries. The Enclave Economy calls this prescription into question, showing that Mexico's post-NAFTA experience of foreign direct investment in its information technology sector, particularly in the Guadalajara region, did not result in the expected benefits. Charting the rise and fall of Mexico's "Silicon Valley," the authors explore issues that resonate through much of Latin America and the developing world: the social, economic, and environmental effects of market-driven globalization. In the 1990s, Mexico was a poster child for globalization,...
Consisting of country case studies and comparative analyses from Latin American and US based political economists, this volume examines the recent history of foreign investment for development in Latin America in the context of the current backlash against ‘Washington Consensus’ policies. These essays form the broad conclusion that foreign direct investment fell far short of generating the necessary linkages for sustainable economic development.
The studies in this book concern the nature of international law, how it is and is not constituted, and whether commitments that are legally binding can change the behaviour of states as well as or better than non-binding legal norms do.
Following decades of vigorous economic expansion, Asia is confronting the environmental consequences of unfettered development. This poses a challenge because of the strong bias of prevailing cultural systems in the region toward the goal of lifting standards of living over achieving ecological sustainability. This book juxtaposes international environmental norms and practices with relevant Asian policies and their applications in key areas. Roda Mushkat examines the fundamental principle of public participation in environmental law-making, as well as the "rights approach," against the emergence of democratic and human rights norms in the region. The complex relationship between trade and t...
Trade liberalization, as promoted by the World Trade Organization (WTO) has become one of the dominant drivers and most controversial aspects of globalization. Trade sustainability impact assessments (SIAs) were introduced as a means of generating better understanding of the social and environmental impacts of trade liberalization and of making those impacts more consistent with sustainable development.
Argues that international human rights and water laws provide legal bases for the right to water and its extraterritorial application.
Brings together a series of papers identifying opportunities for Investment Promotion Agencies (IPAs) to attract Foreign direct investment (FDI) that is associated with positive contributions to sustainable development and good corporate social responsibility practices.
Mother Jones is an award-winning national magazine widely respected for its groundbreaking investigative reporting and coverage of sustainability and environmental issues.