This paper looks at the role of the key international agreements in the process of liberalization of the telecommunications industry. We analyse in particular the role of the WTO agreement in furthering liberalization around the world, and the extent to which it provides protection for foreign...

Dramatic growth of investment disputes between foreign investors and host states rises serious questions about the impact of those disputes on investors. This paper is the first to explain increased uncertainty of investors about the outcome of arbitration, which may or may not lead to...

We analyse the effect of corruption on FDI. Using FDI outflows from a sample of East European transition economies that had virtually no outward FDI before 1995, we observe FDI flows based mainly on current investment decisions and less on the inertia of past investments. Our model separates the...

Much has been recently written about the Multilateral Agreement on Investment (MAI) that has been negotiated by OECD countries. Perhaps even more has been said by the critics of those who would like to see an agreement of this kind extended among other countries. There has indeed been a great...

The purpose of the paper is to evaluate the GATS/Telecom Agreement. This is done by looking at the guiding principles for negotiating market access for foreign investors, by comparing the Agreement with the Telecom Agreement under NAFTA and by discussing the merits of the multilateral approach...

Policy makers in the Asia Economic Community (AEC) engaged in the integration of the countries in the region have so far focused their attention on measures affecting commodity markets. Integration of investment activities should follow in the future. To achieve integration, the policy makers...