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China's Outward Foreign Direct Investment And International Investment Law, Karl P. Sauvant, Michael D. Nolan Nov 2015

China's Outward Foreign Direct Investment And International Investment Law, Karl P. Sauvant, Michael D. Nolan

Karl P. Sauvant

As China’s outward foreign direct investment (FDI) has grown, its approach to international investment agreements (IIAs) has changed. China is now one of the world’s most important outward investors, with Chinese FDI facing widespread criticism. The challenge for China is to adapt to this new configuration of interests stemming from these developments, both in terms of its national policies and the contents of its IIAs. In so doing, it is likely to influence, perhaps significantly, the further evolution of international investment law. This article deals briefly with the salient features of China’s outward FDI and the policies that support it; …


Policy Options For Promoting Foreign Direct Investment In The Least Developed Countries, Karl P. Sauvant, Padma Mallampally Sep 2015

Policy Options For Promoting Foreign Direct Investment In The Least Developed Countries, Karl P. Sauvant, Padma Mallampally

Karl P. Sauvant

Foreign direct investment (FDI) plays an important role in the world economy and has the potential to contribute toward accelerating the process of economic growth and sustainable development in the least developed countries (LDCs). This article provides a brief overview of recent trends and patterns in FDI flows to the LDCs, and then takes stock of the policies, programs and measures pursued by host and home countries and by international organizations to stimulate FDI flows to LDCs and increase the benefits for these countries. It then lays out a number of policy proposals on how flows to LDCs, and the …


We Need An International Support Programme For Sustainable Investment Facilitation (我们需要为可持续投资便利化建立一项国际援助计划 ), Karl P. Sauvant Jul 2015

We Need An International Support Programme For Sustainable Investment Facilitation (我们需要为可持续投资便利化建立一项国际援助计划 ), Karl P. Sauvant

Karl P. Sauvant

English Abstract: The WTO’s Trade Facilitation Agreement needs to be complemented by an international support program for sustainable investment facilitation. Key elements are outlined and approaches suggested.

Chinese Abstract: WTO贸易便利化协议需要可持续投资便利化的国际支持计划作为补充。这里列出了要点并建议了方法。

Note: Downloadable document is in English and Chinese.


An International Support Programme For Sustainable Investment Facilitation, Karl P. Sauvant, Khalil Hamdani Jul 2015

An International Support Programme For Sustainable Investment Facilitation, Karl P. Sauvant, Khalil Hamdani

Karl P. Sauvant

The world’s investment needs are huge. Just meeting the Sustainable Development Goals requires, annually, trillions of dollars. Massive private investment, including foreign direct investment (FDI), has to be mobilized for this purpose. However, especially the least developed countries simply lack the capacity to compete successfully in the highly competitive FDI world market to obtain the required funds. They need assistance – not only to obtain more FDI but sustainable FDI, to advance sustainable development. This paper raises the question of the need to define “sustainable FDI” and calls for an international support program for sustainable investment facilitation.


Attracting Foreign Direct Investment And Benefiting From It: Challenges For The Least Developed Countries, Karl P. Sauvant Jun 2015

Attracting Foreign Direct Investment And Benefiting From It: Challenges For The Least Developed Countries, Karl P. Sauvant

Karl P. Sauvant

The challenge to attract FDI to least developed countries (LDCs) is twofold: to help increase FDI flows to LDCs; and to increase the contribution that the FDI flows that LDCs receive make to the development of host economies. Economic determinants, an enabling regulatory framework and investment promotion are crucial elements for attracting FDI that will ultimately enhance the contribution of TNCs to the economic growth and development of LDCs.


Aim Investment Report 2015: Trends And Policy Challenges, Karl P. Sauvant Mar 2015

Aim Investment Report 2015: Trends And Policy Challenges, Karl P. Sauvant

Karl P. Sauvant

Presented the “AIM Investment Report 2015: Trends and Policy Challenges" at the opening of the “Annual Investment Meeting” in Dubai, 30-31 March 2015.


Aim Investment Report 2015: Trends And Policy Challenges, Karl P. Sauvant Jan 2015

Aim Investment Report 2015: Trends And Policy Challenges, Karl P. Sauvant

Karl P. Sauvant

In the foreign-direct-investment world, the year 2014 was characterized by policy discussions, especially about the nature of the international investment law and policy regime, its investor-state dispute-settlement mechanism, the role of bilateral investment treaties, and the question of rules for state-owned enterprises. This discussion took place against the backdrop of a decline in world FDI flows by multinational enterprises and the growing attractiveness of emerging markets as host countries and the further rise of outward FDI from these countries.


The International Investment Law And Policy Regime: Challenges And Options, Karl P. Sauvant Jan 2015

The International Investment Law And Policy Regime: Challenges And Options, Karl P. Sauvant

Karl P. Sauvant

International investment—more specifically, foreign direct investment (FDI)—has become the most important vehicle to bring goods and services to foreign markets. In addition, FDI integrates the national production systems of individual countries and is in the process of creating an integrated international production system, the productive core of the globalising world economy. Against the background of the salient features of FDI and the emerging integrated international production system, this paper seeks to do three things—one, to discuss the evolution of national FDI policies; two, to review challenges for the international investment law and policy regime; and, three, to identify options on …


Attracting Fdi And Benefiting From It: Challenges For The Least Developed Countries, Karl P. Sauvant Nov 2014

Attracting Fdi And Benefiting From It: Challenges For The Least Developed Countries, Karl P. Sauvant

Karl P. Sauvant

Spoke on “Attracting FDI and Benefiting From It: Challenges for the Least Developed Countries,” at an event on “Investment Promotion Regimes for Foreign Direct Investment in the Least Developed Countries,” held by the Second Committee of the UN's General Assembly, New York, 24 November 2014. The presentation was subsequently published in the Transnational Corporations Review, vol. 7, no. 2 (June 2015), pp. 125-127.


Trends In Fdi, Home Country Measures And Competitive Neutrality, Karl P. Sauvant, Persephone Economou, Ksenia Gal, Shawn Lim, Witold P. Wilinski Oct 2014

Trends In Fdi, Home Country Measures And Competitive Neutrality, Karl P. Sauvant, Persephone Economou, Ksenia Gal, Shawn Lim, Witold P. Wilinski

Karl P. Sauvant

This chapter focusses on measures that home countries have in place to facilitate and encourage outward FDI, the conditions under which these are available and implications for competitive neutrality.


G7 Move For Fair And Stable Contracts Can Be A Boon To Developing Economies, Karl P. Sauvant Jul 2014

G7 Move For Fair And Stable Contracts Can Be A Boon To Developing Economies, Karl P. Sauvant

Karl P. Sauvant

Karl P. Sauvant, "G7 Move for Fair and Stable Contracts Can be a Boon to Developing Economies,” letter to the editor, Financial Times, 10 July 2014.


China Needs To Complement Its “Going-Out” Policy With A “Going-In” Strategy (中国需要“走进去”战略补充其“走出去”政策), Karl P. Sauvant, Victor Z. Chen May 2014

China Needs To Complement Its “Going-Out” Policy With A “Going-In” Strategy (中国需要“走进去”战略补充其“走出去”政策), Karl P. Sauvant, Victor Z. Chen

Karl P. Sauvant

English Abstract: The authors suggest the main components of a going-in strategy for China’s outward FDI, to assuage skeptics, avoid backlash and build trust in host country communities.

Chinese Abstract: 作者对中国对外直接投资“走进去”战略的主要部分进行了建议,以应对质疑,避免激烈反对,赢得东道国的信任。

Note: Downloadable document is in English and Chinese.


China's Regulatory Framework For Outward Foreign Direct Investment, Karl P. Sauvant, Victor Zitian Chen Feb 2014

China's Regulatory Framework For Outward Foreign Direct Investment, Karl P. Sauvant, Victor Zitian Chen

Karl P. Sauvant

China has become the world’s third largest outward investor, behind the United States and Japan. A growing body of literature suggests that China’s regulatory framework for outward foreign direct investment (OFDI) is a determinant of the country’s rising OFDI. This paper presents a holistic review of that framework, including some possibilities for its improvement. Overall, China’s framework serves two objectives: to help Chinese firms become more competitive internationally and to assist the country in its development effort. In pursuing these objectives, the regulatory framework has moved from restricting, to facilitating, to supporting, to encouraging OFDI; but there are still strong …


Foreword: Yearbook On International Investment Law & Policy 2012-2013, Karl P. Sauvant Jan 2014

Foreword: Yearbook On International Investment Law & Policy 2012-2013, Karl P. Sauvant

Karl P. Sauvant

The author introduces the 2012-2013 Investment Yearbook, discussing the evolution of the international investment law and policy regime and investor-state-dispute-settlement. He highlights the new reality of a growing number of emerging markets becoming outward investors, leading to a fundamental shift in the interest situation of a growing number of countries regarding the investment regime.


Biography Of Karl P. Sauvant, Karl P. Sauvant Dec 2013

Biography Of Karl P. Sauvant, Karl P. Sauvant

Karl P. Sauvant

No abstract provided.


China Needs ‘Going-In’ Rules For Fdi Goodwill, Karl P. Sauvant, Victor Zitian Chen Dec 2013

China Needs ‘Going-In’ Rules For Fdi Goodwill, Karl P. Sauvant, Victor Zitian Chen

Karl P. Sauvant

Karl P. Sauvant and Victor Z. Chen, "China Needs ‘Going-in’ Rules for FDI Goodwill,” op. ed., Shanghai Daily, 23 June 2014.


Challenges For China's Outward Fdi, Karl P. Sauvant Oct 2013

Challenges For China's Outward Fdi, Karl P. Sauvant

Karl P. Sauvant

Karl P. Sauvant, "Challenges for China's Outward FDI,” op. ed., China Daily, 31 October 2013.


Three Challenges For China’S Outward Fdi Policy (中国对外直接投资政策的三大挑战), Karl P. Sauvant Oct 2013

Three Challenges For China’S Outward Fdi Policy (中国对外直接投资政策的三大挑战), Karl P. Sauvant

Karl P. Sauvant

English Abstract: China faces three main challenges: in the short-term, dealing with the growing skepticism with which its FDI is perceived in some host countries; in the medium-term, responding to efforts to discipline the use of home country measures; in the long-term, contributing to the establishment of a multilateral framework for investment.

Chinese Abstract: 中国面临三大挑战:短期内需要考虑如何应对日益增长的某些东道国对中国OFDI 的怀疑论;中期如何应对某些发达国家管制;长期则需要构建多边投资框架。

Note: Downloadable document is in both English and Chinese.


The Need For An International Investment Consensus-Building Process (达成国际投资共识的必要性), Karl P. Sauvant, Federico Ortino Aug 2013

The Need For An International Investment Consensus-Building Process (达成国际投资共识的必要性), Karl P. Sauvant, Federico Ortino

Karl P. Sauvant

English Abstract: As discussions intensify to improve the international investment regime, it would be desirable to initiate an independent, open-minded, multi-stakeholder international investment consensus-building process to examine the range of issues associated with international investment law, to determine systematically what the concerns are, to discuss how and where to address them, and to propose solutions.

Chinese Abstract: 鉴于改善国际投资体制的热议,需达成一项独立、开放、多利益相关方的国际投资共识来审查与国际投资法相关问题的范围、系统地查明存在的问题、探讨该如何解决这些问题并提出解决方案。

Note: Downloadable document is in Chinese and English.


Advancing Domestic Development Through Overseas Investment, Karl P. Sauvant, Victor Zitian Chen Jan 2013

Advancing Domestic Development Through Overseas Investment, Karl P. Sauvant, Victor Zitian Chen

Karl P. Sauvant

Strongly politically tied state-owned enterprises, tax-havens and offshore financial centers, and outward investment promotional measures characterize China’s rise to become the world’s third largest outward investor. The article furthermore discusses why the Chinese government supports outward FDI.


Prospering In The United States, Karl P. Sauvant Jan 2013

Prospering In The United States, Karl P. Sauvant

Karl P. Sauvant

Japan’s previous experience as new kids on the (FDI) block in the US can help guide China’s rise to success in that market. Thoughtful navigation of stakeholder management, political processes, and institutional systems can help avoid negative publicity. By approaching slowly though greenfield investments in place of M&As and assembly facilities as a stepping stone to full local production and attention to corporate social responsibility (CSR), China can focus efforts on local integration and the creation of linkages without damaging their brand. These strategies will help form strong networks through which China can build its brand and become insiders in …


Improving The International Investment Law And Policy Regime: Options For The Future Jan 2013

Improving The International Investment Law And Policy Regime: Options For The Future

Karl P. Sauvant

The international investment regime faces broader challenges, as reflected especially in the discussions regarding the investor-state dispute-settlement mechanism and the quest to make the international investment regime more oriented toward sustainable development objectives and to strengthen disciplines for the behavior of multinational enterprises. A number of options of how the regime can be improved are laid out in this booklet, including engaging in fact finding processes; establishing consensus-building working groups; formulating a model international investment agreement; building specific mechanisms to improve the investment regime. and commencing intergovernmental processes. An international investment consensus-building process is advocated to facilitate the improvement of …


Inward And Outward Fdi Country Profiles, Second Edition Jan 2013

Inward And Outward Fdi Country Profiles, Second Edition

Karl P. Sauvant

The key role MNEs play in the global economy through international investment, and the changing landscape of such investment as MNEs as well as host and home economies adjust to changing conditions and objectives, make it important to understand trends and developments with respect to FDI and the policy context in which they take place. This second edition of country profiles seeks to contribute to such an understanding by bringing together, in a single collection, the country profiles on inward and outward FDI prepared as part of the Columbia FDI Profiles series. Authored and peer-reviewed by scholars from around the …


Foreign Direct Investment By Emerging Economy Multinationals: Coping With The Global Crisis, Geraldine Mcallister, Karl P. Sauvant Jan 2013

Foreign Direct Investment By Emerging Economy Multinationals: Coping With The Global Crisis, Geraldine Mcallister, Karl P. Sauvant

Karl P. Sauvant

Even before the onset of the global crisis, the global market for foreign direct investment (FDI) had undergone significant changes. Foremost amongst these changes was the increasing importance of emerging market1 multinationals (MNEs). While outward foreign direct investment (OFDI) from these markets is, in itself, not new, the magnitude that this phenomenon achieved prior to the crisis and its resilience in the face of the global crisis suggest that this is not a temporary occurrence but rather a sign of a fundamental change that is taking place in the global OFDI market. However, emerging markets are not homogenous: in addition …


Investment To The Fore In Eu-Us Partnership, Karl P. Sauvant Dec 2012

Investment To The Fore In Eu-Us Partnership, Karl P. Sauvant

Karl P. Sauvant

Karl P. Sauvant, "Investment to the fore in EU-US partnership", letter to the editor, Financial Times, June 20, 2013.


A China – Us Bilateral Investment Treaty: A Template For A Multilateral Framework For Investment? (中美双边投资协定:多边投资框架的范本?), Karl P. Sauvant, Huiping Chen Dec 2012

A China – Us Bilateral Investment Treaty: A Template For A Multilateral Framework For Investment? (中美双边投资协定:多边投资框架的范本?), Karl P. Sauvant, Huiping Chen

Karl P. Sauvant

English Abstract: A bilateral investment treaty between China and the US would not only be of importance for the economic relations of the world’s two largest economies, but could also become a template for a multilateral framework for investment. This Perspective looks at key outstanding issues in the China-US negotiations and identifies alternative compromises.

Chinese Abstract: 中美双边投资协定不仅对世界上最大的两个经济体有重要影响,也可以作为一个多边投资框架的范本。本文探讨了中美协商的要点并指出了可能的折衷方案。

Note: Downloadable document is in Chinese and English.


Equal Treatment For Outward Investors, Karl P. Sauvant Jun 2012

Equal Treatment For Outward Investors, Karl P. Sauvant

Karl P. Sauvant

Karl P. Sauvant, "Equal Treatment for Outward Investors,” Project Syndicate, 12 June 2012.


The Times They Are A-Changin’ -- Again -- In The Relationships Between Governments And Multinational Enterprises: From Control, To Liberalization To Rebalancing (政府与跨国公司关系的变化:从控制、自由化到再平衡), Karl P. Sauvant May 2012

The Times They Are A-Changin’ -- Again -- In The Relationships Between Governments And Multinational Enterprises: From Control, To Liberalization To Rebalancing (政府与跨国公司关系的变化:从控制、自由化到再平衡), Karl P. Sauvant

Karl P. Sauvant

English Abstract: After a long period during which governments made the national and international frameworks for foreign investors more welcoming, a number of indicators suggest that a rebalancing is taking place toward an approach that is more protective of sovereigns, allowing governments more policy space to regulate FDI in the public interest.

Chinese Abstract: 在政府长时期推行改善境外投资环境的国家及国际框架后,一系列指标表明正在通过给予政府更多的政策空间来规范公共利益领域的 FDI 以更有效地保护自身主权利益。

Note: Downloadable document is in Chinese and English.


State-Controlled Entities Control Nearly Us$ 2 Trillion In Foreign Assets (国家控制的实体控制近 2 万亿美元的外国资产), Karl P. Sauvant, Jonathan Strauss Apr 2012

State-Controlled Entities Control Nearly Us$ 2 Trillion In Foreign Assets (国家控制的实体控制近 2 万亿美元的外国资产), Karl P. Sauvant, Jonathan Strauss

Karl P. Sauvant

English Abstract: State-controlled entities (SCEs) — especially state-owned enterprises (SOEs) — are important players in the world FDI market. Among the 100 largest MNEs from developed countries and the 100 largest from emerging markets, at least 49 are SOEs. They control nearly US$ 2 trillion in foreign assets, the bulk of them by MNEs headquartered in developed countries. Care needs to be exercised that regulatory initiatives regarding SCEs do not lead to a fragmentation of the international investment law regime.

Chinese Abstract: 国家控制的实体(SCEs)——特别是国有企业(SOEs)——是世界外商直接投资市场上的重要参与者。在最大的100家发达国家跨国公司和新兴市场跨国公司中,至少有 49 家国有企业。他们控制着将近2万亿美元的外国资产, 大部分由总部在发达国家的跨国公司掌控。需要注意的是,对国家控制的实体的监管举措不会国际投资法制度的分裂。

Note: Downloadable document is in Chinese and English.


The Unbalanced Dragon: China’S Uneven Provincial And Regional Fdi Performance (不平衡的巨龙:中国不均衡的省市及地区 Fdi 业绩), Karl P. Sauvant, Chen Zhao, Xiaoying Huo Mar 2012

The Unbalanced Dragon: China’S Uneven Provincial And Regional Fdi Performance (不平衡的巨龙:中国不均衡的省市及地区 Fdi 业绩), Karl P. Sauvant, Chen Zhao, Xiaoying Huo

Karl P. Sauvant

English Abstract:This Perspective ranks all Chinese provinces in terms of their performance in attracting foreign direct investment, examines the reasons for the high unevenness of this performance and makes some policy suggestions on how to deal with it.

Chinese Abstract: 本文对中国所有省份吸引外国直接投资的表现进行了排名,分析了发展不均衡的原因并给出了应对政策建议。

Note: Downloadable document is available in English and Chinese.