The Transatlantic Trade and Investment Partnership offers great opportunity. This Perspective discusses the conditions for successfully concluding the agreement while avoiding the pitfalls of past investment treaty negotiations.

This insightful book shows that foreign direct investment (FDI) from emerging markets has grown from negligible amounts in the early 1980s to $210 billion in 2007, with the stock of investment now being well over $1 trillion. This reflects the rise of firms from these economies to become...