An Economic Analysis of Bilateral Investment Treaties by Jan Peter Sasse PDF

By Jan Peter Sasse

ISBN-10: 3834927562

ISBN-13: 9783834927569

Bilateral funding Treaties (BITs) are a big tool for the safety of international direct funding (FDI). besides the fact that, in comparison to foreign alternate legislations, foreign funding legislation has up to now got merely little examine recognition from an financial standpoint. by way of making use of a legislation and economics method, Jan Peter Sasse offers a scientific research of ways BITs functionality. He explains why BITs are greater than only a sign, how they relate to institutional festival in addition to to institutional caliber and why transparency is overseas funding arbitration is tough to accomplish and will even harmful.

Show description

Read Online or Download An Economic Analysis of Bilateral Investment Treaties PDF

Best accounting books

New PDF release: Operational Review Workbook: Case Studies, Forms, and

Useful, confirmed instruments for accomplishing winning operational reviewsAn operational overview evaluates management's conformity with plans and source allocations, organizational constitution, working methods, strategies, and controls. In modern unstable industry, corporations needs to do every thing attainable to make sure their operations are operating so much economically and successfully to maximise wanted effects.

New PDF release: Financial Reporting and Analysis: Using Financial Accounting

You can now educate monetary accounting from either a user's and preparer's viewpoint with a wealth of exact examples, situations, and genuine monetary statements present in Gibson's monetary REPORTING & research: utilizing monetary ACCOUNTING info, 12th version. This potent textual content emphasizes the research and interpretation of the result of monetary reporting--financial statements.

New PDF release: Computerized Accounting with Quickbooks 2014

Automated Accounting with QuickBooks 2014 teaches either the accountant and non-accountant pupil how one can use QuickBooks 2014, essentially the most renowned normal ledger software program applications to be had. via distinct step by step causes and hands-on routines, scholars get plentiful perform possibilities to make sure mastery of the accounting innovations.

Extra info for An Economic Analysis of Bilateral Investment Treaties

Sample text

The dynamic is similar to the market for lemons as described by Akerlof (1970). Potential buyers of know-how cannot assess the quality of the product. 131. A competing theory of FDI that nevertheless shares many features with transaction cost theories is the eclectic paradigm. See Dunning and Lundan (2008). Dunning and Lundan (2008), chapter 4. Hennart (2001), on the other hand, emphasises that the transaction cost theories of FDI was developed independently of the writings of Williamson. 132. 133.

In the context of FDI, transnational integration plays an important role. A huge proportion of FDI is based on cross-border mergers and acquisitions (“M&A activity”). 105 However, for the purposes of this paper, mergers and acquisitions must be differentiated: while mergers might be able to mitigate political risks, this is not the case for acquisitions where the acquired asset is wholly owned by the foreign investors. In the case of a merger, at least part of the asset is owned by a domestic party, which might, as described before, reduce the political risk.

In Venezuela, investment in the oil industry was significant in the first half of the 20th century. , and through powerful international oil cartels was strong and the sovereignty of the Venezuelan government thus low. 94 Yet, when the Venezuelan government decided to open the industry again to FDI in the early 1990s, the country received substantial investment. 11. 176 ff. 2. 13. 3. 96 He identifies at least two distinct hostage mechanisms: first, the use of offshore assets and revenues as a guarantee against expropriation and second, the use of future offshore receivables as a hostage.

Download PDF sample

An Economic Analysis of Bilateral Investment Treaties by Jan Peter Sasse

by John

Rated 4.52 of 5 – based on 13 votes