International Investment for Sustainable Development critically examines the interface between sustainability, development, and the governance of international investment. It challenges the conventional view that foreign direct investment is a 'miracle drug' for developing countries and exposes serious shortcomings in the current international investment regime. Composed of norms, agreements, treaties and regulations, the emerging investment regime expands the rights of transnational corporations (TNCs) without commensurate rewards for the common good. Drawing on both research and engaged advocacy, the contributors ultimately map out a new way forward, towards the creation and implementation of international investment rules that will promote global sustainability and equity.

This title was first published in 2002: Anthony Bende-Nabende focuses on the ongoing globalization process, which has sparked an unprecedented world-wide debate. He provides a one-stop centre for a balanced coverage of the theoretical, empirical and policy issues linking globalization with foreign direct investment, regional economic integration, and economic growth and sustainable development. This stimulating book comprehensively explores the theoretical and empirical literature inter-linking the aforementioned factors from the anti-globalization activists’ viewpoint, and from the pro-globalization proponents’ perspective. It proposes policies that individual countries should pursue, based on the recognition that globalization generates both positive and negative effects. These comprise policies required to maximise the economic benefits globalization may generate, and those that aim to eliminate or at least minimize the negative development-oriented effects globalization may engender and, hence, to propel sustainable development. The book will be an essential guide for students, academics and those involved in international economics, environmental studies, international relations, and growth and development studies.

The paper assesses the interconnections between FDI and human capital development in Nigeria over the period 1981-2018. The analysis is carried out with the use of both non-linear autoregressive distributed lag (NARDL) and linear ARDL bounds test approach to cointegration, and VECM Granger causality technique. Findings reveal that the effect of FDI on human capital is found to be insignificant in the long run, while it is significant in the short run. However, following the asymmetric link, the empirical evidence reveals that a rise in FDI inflows to a certain rate, in the long-run, could result in a significant increase in the level of human capital development, suggesting that the magnitude of inward FDI matters in the economy. This further implies that as FDI inflows require sound technical know-how, and more skilled labour to work with or adapt to more advanced technologies, such could draw attention to improved human capital. Results also indicate that there is unidirectional causality between FDI and human capital in the long run, which runs from human capital to FDI, suggesting that the quality of human capital matters for sustainable leverage and attractiveness of FDI inflows. By implication, it is critical to adopt policy measures that could engender the sustainable development of human capital by the government, while the underlying structural bottlenecks and protracted state of insecurity that could deter foreign investors are accorded significant attention.

In this thesis, I examine the relationship between foreign direct investment (FDI) in a host country and human development. Human development comprises the education, health, and income opportunities available to people in a particular country. I assert that FDI can potentially enhance human development through economic growth and higher income in a host country. However, alongside these benefits, FDI can also have negative effects by worsening a host country's income inequality. Given FDI's counteracting positive and negative effects on human development, I propose that FDI's net effect on human development takes the form of an inverted U-shaped relationship. I further predict that a host country's institutional maturity, defined as the degree of institutional development within a country, plays an important role in understanding which national contexts strengthen or weaken this relationship. I contend that the inverted U-shaped relationship between FDI and human development is moderated by a host country's institutions, and assess this moderation with respect to two dimensions: business sophistication and transparency. Business sophistication measures the extent to which a country possesses supplier networks, technology production, and advanced business practices (World Economic Forum, 2015). My results show that countries with low business sophistication have a pronounced inverted U-shaped relationship between FDI and human development, while countries with high business sophistication experience an attenuated effect (flattened inverted U-shaped). Similarly, transparency measures public-sector employees and executives' accountability and performance, as well as civil society's access to information about public affairs (World Bank, 2016). My results show that economies with low transparency have a steeper inverted U-shaped relationship between FDI and human development; by contrast, economies with high transparency exhibit a flatter inverted U-shaped curve. My study makes three core contributions to the field. First, it adds to development economics scholars' analysis of human development by proposing that income inequality is a key FDI cost. Therefore, while FDI can indeed enhance human development (as past studies have shown), it can also have a negative effect by worsening a host country's income inequality. Second, my study facilitates better knowledge of the relationship between FDI and human development by integrating the positive and negative effects of this relationship. Third, in line with studies that propose the contingent effects of FDI (Meyer & Sinani, 2009), my study contributes to understanding how a host country's institutional maturity in the private and public sectors affects the strength of FDI's curvilinear effect on human development.

Brings together a series of papers identifying opportunities for Investment Promotion Agencies (IPAs) to attract Foreign direct investment (FDI) that is associated with positive contributions to sustainable development and good corporate social responsibility practices.

Increasing international investment, the proliferation of international investment agreements, domestic legislation, and investor-State contracts have contributed to the development of a new field of international law that defines obligations between host states and foreign investors with investor-State dispute settlement. This involves not only vast sums, but also a panoply of rights, duties, and shifting objectives at the juncture of national and international law and policy. This engaging Research Handbook provides an authoritative account of these diverse investment law issues.

In the past two decades many developing countries have embraced the challenge of globalization by rushing to dismantle trade barriers and to promote increasingly liberal market-oriented policies. However, a broader response to globalization is both necessary and possible if countries are to develop as quickly and as fully as possible. Exploring this complex interrelationship between globalization, liberalization, and human and social development, this innovative book undertakes a full analysis of development policy, strategy and practice in a variety of countries, with equal weight provided to Asia, Latin America and Africa. An internationally renowned team of contributors examines the complex network of connections and the implications for international development policy, strategy and practice. Advocating the inclusion of sustainable human development as a key element in countries' responses to globalization, key points highlighted include the need to nurture an enabling environment, and to promote education and R&D. These elements, coupled with sound macroeconomic management, are all required in equipping a country to integrate more effectively into the world economy. This innovative new approach to globalization and development set out in this volume will be essential reading for academics and practitioners alike.

International Investment for Sustainable Development critically examines the interface between sustainability, development, and the governance of international investment. It challenges the conventional view that foreign direct investment is a 'miracle drug' for developing countries and exposes serious shortcomings in the current international investment regime. Composed of norms, agreements, treaties and regulations, the emerging investment regime expands the rights of transnational corporations (TNCs) without commensurate rewards for the common good. Drawing on both research and engaged advocacy, the contributors ultimately map out a new way forward, towards the creation and implementation of international investment rules that will promote global sustainability and equity.

This book examines the integration of human rights and environmental standards within international investment agreements (IIAs). It explores the intricate relationship between foreign direct investment and sustainable development, emphasizing the necessity for reform in investment treaties to ensure they support rather than hinder human rights and environmental protection. The book begins with an overview of the current international investment law landscape, focusing on its primary goal of investment protection. It then delves into how human rights and environmental standards can shape IIAs, suggesting a new approach to these treaties. The authors explore the incorporation of sustainable development principles into IIAs, the difficulty of balancing investor protection with state regulatory autonomy, and the evolving norms and standards in this area. The book includes detailed case studies on topics such as the interplay between labour standards, investment, and human rights, bilateral investment agreements, sustainable forest management, and the liberalization of water services. Aimed at policymakers, legal scholars, and international law practitioners, this book provides a thorough framework for understanding and reforming IIAs. It offers groundbreaking insights into aligning investment treaties with global sustainable development goals, making it a vital resource for anyone interested in the intersection of investment, human rights, and environmental sustainability.