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Abstract

The 1990s were marked by major international efforts to deregulate capital. The desire to attract greater capital in order to finance export-led development strategies, reduce the dependency of financial assistance and foreign debt from traditional donors and creditors, and develop local financial markets was widespread among many countries. Correspondingly, investment laws to protect investments and investors, as well as bilateral investment treaties (BITs) were enforced to protect and improve conditions for foreign direct investment (FDI).1

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© 2011 Laura Páez

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Páez, L. (2011). Introduction. In: Liberalizing Financial Services and Foreign Direct Investment. Palgrave Macmillan, London. https://doi.org/10.1057/9780230316829_1

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