Foreign Direct Investment in Less Developed Countries: The Role of ICSID and MIGA / Edition 1

by James C. Baker

Overview

The International Centre for Settlement of Investment Disputes (ICSID) and the Multilateral Investment Guarantee Agency (MIGA) are two of the more significant international agencies whose objective is to promote foreign direct investment in less developed countries (LDCs). This is the first detailed treatment of their establishment, the history of their operations, and an evaluation of these operations.

ICSID, established in 1966, facilitates the arbitration or conciliation of investment contract disputes between foreign investors from countries that are signatories of the ICSID Convention and host signatory states. MIGA, whose first year of operations was 1988, insures foreign investment against political risks. Drawing on cases, Baker shows how the functions of these two agencies have encouraged a significant amount of foreign investment in LDCs and how the operations of these two agencies continue to grow in importance. Scholars, professionals, and policy makers will find this to be the most comprehensive description available of these important agencies.

Product Details

ISBN-13:	9781567203127
Publisher:	Bloomsbury Academic
Publication date:	09/30/1999
Edition description:	New Edition
Pages:	256
Product dimensions:	6.00(w) x 9.00(h) x 0.69(d)

About the Author

JAMES C. BAKER is Professor of Finance and International Business at Kent State University./e He is the author of numerous books and articles on international finance.

Table of Contents

Illustrations
Preface
Acknowledgments
Introduction
Foreign Investor And Less Developed Countries
International Institutions and Foreign Direct Investment in Less Developed Countries
International Centre for Settlement of Investment Disputes
Arbitration by Private Institutions and by ICSID
ICSID's Operations
Selected ICSID Cases
ICSID's Problems
Multilateral Investment Guarantee Agency
The Evolution of MIGA
MIGA's Structure
MIGA's Operations to Date
Selected MIGA Cases
MIGA's Problems
Theories of the Evolution of ICSID and MIGA
Conclusions
An Evaluation of ICSID and MIGA
Conclusions
Appendixes
Index