Abstract:The Multilateral Agreement on Investment (MAl) represented an attempt by the Organisation for Economic Cooperation and Development's (OECD) member countries to create a comprehensive multilateral legal framework governing foreign investment, particularly foreign direct investment. After a three-year effort, negotiations for the MAl collapsed in December 1998. Considerable support remains however, for creating global rules on foreign investment.The issues of possible loss of nation states' sovereignty in favour… Show more
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