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Transatlantic Perspectives on Inward Investment and Prospects for Policy Reconciliation

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International Business and Europe in Transition

Part of the book series: The Academy of International Business Series ((AIB))

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Abstract

There is greatly increased interest in government and academic circles concerning the prospects for multilateral foreign direct investment (FDI) rules along the lines of a ‘GATT for Investment’. The recently completed Uruguay Round negotiations brought FDI issues within the domain of the General Agreement on Tariffs and Trade (GATT) and its successor the World Trade Organisation (WTO), and in the Organisation for Economic Cooperation and Development (OECD) discussions are continuing on the possibility of a Multilateral Agreement Investment (MAI). The feasibility of further multilateral FDI policy developments clearly depends upon similarities of interests between major actors, and since the European Union (EU) and the USA account for about 70 per cent of the world stock of inward investment (UN-TCMD, 1993), agreement between these two parties will be critical. This chapter, therefore, attempts to review and evaluate the results of studies on the impact of FDI into the EU and the USA, as well as comparing and contrasting existing and proposed policies, in an attempt to ascertain the possibilities for policy reconciliation in the longer term.

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Authors
  1. Stephen Young
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  2. Neil Hood
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  3. Cameron Hood
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Editor information

Editors and Affiliations

  1. Manchester School of Management, UMIST, UK

    Fred Burton (Senior Lecturer) & Mo Yamin (Lecturer) (Senior Lecturer) &  (Lecturer)

  2. Department of Marketing, University of Strathclyde, UK

    Stephen Young (Professor and Head of Department) (Professor and Head of Department)

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© 1996 Academy of International Business UK Chapter

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Young, S., Hood, N., Hood, C. (1996). Transatlantic Perspectives on Inward Investment and Prospects for Policy Reconciliation. In: Burton, F., Yamin, M., Young, S. (eds) International Business and Europe in Transition. The Academy of International Business Series. Palgrave, London. https://doi.org/10.1007/978-1-349-24556-7_12

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