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The Asian crisis prompted calls from several quarters for tighter controls on foreign investment and capital flows in emerging markets. However, there are several compelling arguments in favour of freeing up capital flows in these markets, provided it is done in an orderly and properly structured way.
May 1998. This paper was presented at an IMF Seminar on Current Legal Issues Affecting Central Banks.
In 1995, OECD Ministers launched negotiations on a multilateral agreement on investment (MAI) with high standards of liberalisation and investment protection, with effective dispute settlement procedures, and open to non-Members. Negotiations were discontinued in April 1998 and will not be resumed.
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This report, published in April 1998, surveys the findings and conclusions of OECD work and related studies concerning the role of international investment in globalisation and its links with trade and economic development.
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21 March 1998. At the time of the MAI negotiations, the United Kingdom commissioned an independent consultant, Dr. E.V.K. FitzGerald, to prepare a report on the possible implications of the MAI for developing countries.
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Paris, 17 September 1997. These proceedings contain a selection of papers presented at the Special Session on the Multilateral Agreement on Investment which took place in Paris on 17 September 1997.
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Chile is a significant host for foreign direct investment (FDI) in South America, especially given the relatively small size of its economy. The attraction of Chile to foreign investors lies not only in its resource abundance but also in its tradition of openness to foreign investment. Chilean policies towards inward investment generally conform to OECD standards, and the country has been a trailblazer within Latin America in terms of
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A selection of papers presented at the Symposium on the Multilateral Agreement on Investment, held in Seoul, Korea, on 3-4 April 1997.
Services provided by accountants, lawyers, engineers and architects are among the fastest-growing sectors in OECD economies, but international trade and investment in these professional services remain hindered by complex domestic regulations. Participants considered concrete policy options for advancing liberalisation through regulatory reform, while maintaining high standards for consumer protection.
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A Workshop on the Multilateral Agreement on Investment was held in Brazil in February 1997. These proceedings outline the state of play of the negotiations at that time.