sharing in governance of extractive industries
Meeting the world's sustainable development needs will require a considerable increase of FDI flows, especially of "sustainable investment" flows, i.e., investment that exhibits certain "sustainability characteristics": the economic, social, environmental, and governance contributions that governments expect MNEs to make to the development of host countries, and that MNEs (or their organizations) themselves say they seek to make to host countries' development. Based on an examination of 150 instruments (ranging from international investment agreements to MNE codes) that deal with the interaction between host countries and MNEs, this two-page Perspective identifies "common FDI sustainability characteristics" and suggests ways in which stakeholders can utilize and promote them, including in the context of investment facilitation.
The Perspective, written by Howard Mann and myself and entitled "Sustainable FDI for sustainable development", is available here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3140220.
Karl P. Sauvant
Karl P. Sauvant, PhD
Columbia Center on Sustainable Investment*Columbia Law School - The Earth Institute, Columbia University
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"Towards an Investment Facilitation Framework: Why? What? When?", "Beware of FDI Statistics!", "Towards an Indicative List of FDI Sustainability Characteristics", "The Importance of Negotiating Good Contracts", "A New Challenge for Emerging Markets: the Need to Develop an Outward FDI Policy", "China Moves the G20 toward an International Investment Framework and Investment Facilitation", "The Next Step in Governance: The Need for Global Micro-regulatory Frameworks", and "The Evolving International Investment Law and Policy Regime: Ways Forward" are available at https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=2461782 and http://www.works.bepress.com/karl_sauvant/
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