Global Regulation of Foreign Direct Investment by Sherif H Seid

Author:Sherif H Seid
Language: eng
Format: epub, pdf
Publisher: Taylor & Francis (CAM)
Published: 2017-04-11T04:00:00+00:00

FDI can contribute to a cycle of investment, technological progress, innovation, human resource development and improved environmental standards by linking the various elements that determine growth. As a result consumers can benefit from a wider range of products, higher standard goods and competitively-priced services. However, Consumers International does not believe that just any FDI is necessarily good for the host country and its people:

Any foreign direct investment, however generous, which has the effect of supplanting or undermining local capacity is in the end not positive for the development of a country and its people. Oxfam found that in countries such as Chile, Mexico, the Dominican Republic and Bangladesh unregulated foreign direct investment in the context of highly unequal national and international markets brought few benefits to local communities and, in some cases, did substantial harm. To avoid this, the host country government must retain the sovereign right and ability (even if they do not choose to exercise it) to select and direct such investment to priority areas (CI, 1997: 22).

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