Though the Multilateral Agreement on Investment (MAI) has failed, the original draft is likely to serve as a basis for future negotiations. This article gives a critical assessment of the draft from an industrial economics point of view. First, I summarize the contents of the agreement which is...

Though the Multilateral Agreement on Investment (MAI) has failed, the original draft is likely to serve as a basis for future negotiations. This article gives a critical assessment of the draft from an industrial economics point of view. First, I summarize the contents of the agreement which is...

In this paper, I will first give an overview of the current regulation of foreign direct investment (FDI) in the WTO and OECD. Then I will criticise the draft of the multilateral agreement on investment (MAI), that was proposed as a new framework for FDI. Though the MAI has failed, the original...