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The Andean Common Market's Common Regime For Foreign Investments, Dale B. Furnish
The Andean Common Market's Common Regime For Foreign Investments, Dale B. Furnish
Vanderbilt Journal of Transnational Law
The ACM's Common Regime of Treatment of Foreign Capital seems to be a well-balanced set of rules representing an ambitious attempt at reconciling national and regional development interests with the need for foreign capital and technology on terms equitable and remunerative to those who supply them. As in the case of virtually every piece of development legislation based heavily on economic theory and aimed at wholesale change of an existing situation, the Common Regime has plunged into largely uncharted areas in which its ultimate effects are impossible to predict. It is not, however, a "lyrical" piece of drafting. Because it …