Fdi Instruments Advantages and Disadvantages

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R e se a rc h a n d Stat i s t i c s B r a n c h working paper 01/2009

FDI Policy Instruments: Advantages and Disadvantages

UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION

RESEARCH AND STATISTICS BRANCH WORKING PAPER 01/2009

FDI Policy Instruments: Advantages and Disadvantages
Frank L. Bartels Unit Chief, Strategic Research and Regional Analyses Unit UNIDO S. A. de Crombrugghe Associate Economic Affairs Officer UNCTAD

UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION
Vienna, 2009

The designations employed, descriptions and classifications of countries, and the presentation of the material in this document do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations Industrial Development Organization (UNIDO) concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries, or its economic system or degree of development. The responsibility for opinions expressed rests solely with the authors, and publication does not constitute an endorsement by UNIDO of the opinions expressed. Although great care has been taken to maintain the accuracy of information herein, neither UNIDO nor its Member States assume any responsibility for consequences which may arise from the use of the material. This document may be freely quoted or reprinted but acknowledgement is requested. This document has been produced without formal United Nations editing. The views expressed in this document do not necessarily reflect the views of the Secretariat of the UNIDO. Terms such as “developed, “industrialized” and “developing” are intended for statistical convenience and do not necessarily express a judgment. Any indication of, or reference to, a country, institution or other legal entity does not constitute an endorsement. This document represents work in progress and is intended to generate comment and discussion.

Contents List of abbreviations ....................................................................................................................... v Abstract .......................................................................................................................................... vi Introduction..................................................................................................................................... 1 1. 2. The New Context of the FDI Regime ................................................................................. 4 Background Issues on Host Policies for FDI...................................................................... 8 A. B. C. 3. The Framework for FDI PIs and Promotion ............................................................. 9 The Policy Dimensions ........................................................................................... 14 PIs ............................................................................................................................ 18

Key Issues for Effective FDI Promotion .......................................................................... 21 A. B. The “Regionalization” of FDI ................................................................................. 21 The Legislative importance of policy coherence ..................................................... 23

4.

Discussion on the Pros and Cons of FDI PIs .................................................................... 24

Concluding Remarks..................................................................................................................... 26 References..................................................................................................................................... 29

iii

List of abbreviations FDI FPI FTZs GATS IP IPAs IPPRs Mercosur MNCs MNEs PIs TNCs TRIMs TRIPs UNCTAD UNIDO WTO foreign direct investment foreign portfolio investment free trade zones General...
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