Efforts to build specialized skills in government for negotiating international investment contracts often have little value for reasons discussed in this Perspective; even private firms hire advisors for skills needed infrequently. However, the Perspective proposes special circumstances and...

On July 6, 2023, 112 WTO members concluded text negotiations on an Investment Facilitation for Development Agreement. This Perspective outlines its contents, identifies its benefits and suggests further actions that should be taken.

Countries offer hundreds of billions of dollars for semiconductor, electric vehicles and renewable energy projects, super-charging a global FDI incentives race. This Perspective suggests that countries providing incentives should do that in a manner that results in wider benefits for the host...