The demand of industrialized countries for a multilateral agreement on investment to be negotiated under the roof of … foreign direct investment (FDI) in developing countries. By contrast, the opponents consider such an agreement to be biased in … favor of business interests and against the development objectives of Third World economies. It is for various reasons that …

puzzle. An analysis of the components of capital flows and of gross portfolio positions shows that foreign direct investment … is directed towards countries with the highest growth rates, but that portfolio investment outflows exceed these inflows …