"This inaugural issue of the World Bank Groupl's Global Investment Competitiveness report presents novel analytical insights insights and empirical evidence on foreign direct investment;s (FDI) drivers and contributions to economic transformation. Three key features distinguish this report from...

This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by the single MNE. Under a multilateral agreement,...