Making Foreign Investment Safe : Property Rights and National Sovereignty

Making Foreign Investment Safe : Property Rights and National Sovereignty

4.11 - 1251 ratings - Source

With real case stories, Wells and Ahmed bring to life both the hopes for and the failures of international guarantees of property rights for investors in the developing world. Their cases focus on infrastructure projects, but the lessons apply equally to many other investments. In the 1990's inexperienced firms from rich countries jumped directly into huge projects in some of the world's least developed countries. Their investments reflected almost unbridled enthusiasm for emerging markets and trust in new international guarantees. Yet within a few years the business pages of the world press were reporting an exploding number of serious disputes between foreign investors and governments. As the expected bonanzas proved elusive and the protections weaker than anticipated, many foreign investors became disenchanted with emerging markets. So bad were the outcomes in some cases that a few notable infrastructure firms came close to bankruptcy; several others hurriedly fled poor countries as projects soured. In this book, Louis Wells and Rafiq Ahmed show why disputes developed, point out how investments and disputes have changed over time, explore why various firms responded differently to crises, and question the basic wisdom of some of the enthusiasm for privatization. The authors tell how firms, countries, and multilateral development organizations can build a conflict-management system that balances the legitimate economic and social concerns of the host countries and those of investors. Without these changes, multinational corporations will lose profitable opportunities and poor countries will not gain the contributions that foreign investment can make toward alleviating poverty.Keppres number 5/1998. 30. ... The public relations firm told us it was only 5% complete when canceled. ... a#39;a#39;The Case of Karaha Bodas Company, KBC, vs Pertamina: Questions and Answers, a#39;a#39; Paragraph 15, Exhibit B of package entitled a#39;a#39;Theanbsp;...

Title:Making Foreign Investment Safe : Property Rights and National Sovereignty
Author: Louis T. Wells Herbert F. Johnson Professor of International Management Harvard Business School, Rafiq Ahmed Herbert F. Johnson Professor of International Management Exxon Corporation
Publisher:Oxford University Press, USA - 2006-11-22

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.

Click button below to register and download Ebook
Privacy Policy | Contact | DMCA