International Business Law Essay

2581 Words Dec 5th, 2008 11 Pages
WORD COUNT: 1981

TABLE OF CONTENT: Pg 1. Introduction………………………………………………………………………
Significance of trade and investment to world economic growth
Overview of trade and investment law

2. Trends in Trade and Investment………………………………………………
Volume of trade and investment in the last 5yrs in terms of growth
Contribution to global economy
FDI and Developing nations

3. Effects of Trade liberalization…………………………………………………
Discuss trade liberalization and legal principles
Discuss the legal, political and economic effects of Free
-Flow of goods and services 4. Foreign investment in the global economy……………………………………..
The global economy and foreign investment law
Impact of globalization on foreign investment law
…show more content…
From the information available, the cases cover claims amounting to at least $1.1 billion. As of 1 May 2006, 18 disputes were still pending, 2 had been won by the foreign investor, and 3 by the host country. (World Investment Report 2006) The outcome of one dispute is unknown. Sectors involved in these claims include, motorway and road construction, chemical products, electricity distribution and telecommunications. The IIA provisions most frequently invoked include the definition of “investment”, the principle of fair and equitable treatment and expropriation. Given that FDI from developing countries and transition economies is growing rapidly, investor-State disputes involving investors from these economies might increase in the coming years.
There is only one known case involving an investor from a developing country and a government of a developed country: the often-cited “Mafezzini vs. Kingdom of Spain” case, which the Argentinean investor eventually won.
(Source: UNCTAD)

2. Trends in Trade and Investment
For countries that have adopted international economic policies that promote greater trade and investment, such as joining the WTO or unilaterally reducing trade barriers, evidence suggests that this has generally boosted economic growth and income. For example, according to the Office of the U.S. Trade Representative, from 1994 to 2000 increased exports

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