This paper investigates the impact of sovereign defaults on the ability of the corporate sector in emerging nations to finance itself abroad. The hypothesis here is that defaults have a negative spillover effect on the private sector through credit rationing. We explore a novel dataset covering...

Internationalization of operations constitutes an important part of the global forest industry integration process over recent decades. As a resource based industry, drivers of corporate expansion have been defined as both resource seeking and market seeking in the global context. China is...

The integration of emerging markets into the global economy is heavily promoted by foreign direct investment (FDI) inflows. Within the factors driving the location of FDI, regional trade agreements (RTAs) become increasingly relevant for emerging markets. We explore the impact of South-South...

AbstractThe following sections are included:IntroductionA framework for threat assessmentThreat IThreat IIThreat IIIA Common Approach for OECD, and BeyondThe Broader Context: Allowing the Benefits From Foreign Direct Investment (FDI) — Including FDI via Acquisitions — To Spread Around the...

AbstractThe following sections are included:IntroductionDecentralized Legal SystemTribunals as Agents of Legal HarmonizationRecognition of new binding rulesInterpreting Treaty ProvisionsPrecedent and Harmonization of Investment LawThe Limits of Harmonization by Investment TribunalsConcluding...

AbstractThe following sections are included:IntroductionScope of Mode 3 and InvestmentCommercial presenceOwned or controlledInvestment by service suppliersGATS scope with regard to investment measuresCommitments on Mode 3 service supplyGaps in Disciplines on Mode 3GATS provisions that discipline...

AbstractThe following sections are included:IntroductionArguments in Favor of HarmonizationArguments for Regulatory DiversityA Way Forward in the Debate and Negotiations of International HarmonizationTheoretical issuesWhat is not working in our attempts to harmonize trade rules?Practical...