Memo to Obama Administration on "Improving the International Investment Regime"
Emerging Market Global Players Project
International Investment Syllabus Project
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Memo to the Obama Administration on "Improving the International Investment Regime"
In January, VCC sent a Memo to President Obama’s Administration on “Improving the international investment regime.” The Memo encourages the new Administration to take a look at the current international investment regime and consider several actions that the United States might take to strengthen that regime. A number of these ideas are already on the table, and the new Administration will have to be prepared, in one way or another, to deal with them. Several eminent colleagues at Columbia University signed on to the Memo.
The full Memo, including the signatories from Columbia University, is available here.
We are now making this Memo available to the international investment community and hereby invite colleagues and interested parties from outside Columbia University to sign on to the Memo as well. If you wish to add your name to the Memo, please email us your name and title.
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Emerging Market Global Players Project
The Emerging Market Global Players (EMGP) Project, a collaborative effort led by the VCC, brings together researchers on FDI from leading institutions in emerging markets to identify annually and rank emerging market based multinational enterprises (MNEs). The ranking lists – based on the level of foreign assets held by emerging market MNEs – and their accompanying analysis should be of interest to researchers, academics, bankers, investors, the media, and MNEs.
More than a dozen ranking lists are scheduled to be published during the next few months, covering some 250 emerging market MNEs from: Brazil, China, Colombia, Hong Kong (China), Hungary, India, Israel, Republic of Korea, Russia, Slovenia, South Africa, Taiwan Province of China, and Turkey. All of the MNE ranking lists will be posted on this website and those of the partner institutions. For additional information, please contact the EMGP Global Project Coordinator, Dr. Vishwas Govitrikar, or send an e-mail to vcc@law.columbia.edu.
Brazil: 2009 Ranking of Brazilian MNEs
Sociedade Brasileira de Estudos e Empresas Transnacionais e da Globalização Econômica (SOBEET), a Brazilian think tank dedicated to research into the internationalization of the Brazilian economy; Valor Econômico, Brazil’s premier business newspaper; and the Vale Columbia Center released the 2009 ranking of Brazilian multinationals on October 29, 2009. The report, which covers the period 2006-2008, lists 57 leading Brazilian multinationals that together had $21 billion in foreign assets, $40 billion in foreign sales, and 158,500 foreign employees in 2008.
download pdf of 2009 Ranking of Brazilian MNEs
download press release of 2009 Brazilian Ranking
Download pdf of FDC-CPII 2007 Ranking of Brazilian MNEs (released in December 2007 by Fundação Dom Cabral and the CPII)
Israel: 2009 Ranking of Israeli MNEs
Hebrew University, Tel Aviv University, the Manufacturers Association of Israel and the Vale Columbia Center released the 2009 ranking of Israeli multinational enterprises on September 2, 2009. The report, which draws on 2007 data, lists 20 leading Israeli multinationals that together had $12 billion in foreign assets, $26 billion in foreign sales, and 68,000 employees abroad. IT services is the only leading industry on the list, accounting for six out of 20 firms, but there is a preponderance of relatively high-tech industries: green power stations, pharmaceuticals, laser technology, satellites, electronic and optical equipment, and so forth. This ranking is an update of the 2008 ranking of Israeli multinationals, released on July 9, 2008.
download pdf of 2009 Ranking of Israeli MNEs
download press release of Israeli Ranking
download pdf of 2008 Ranking of Israeli MNEs
Argentina: ProsperAr-VCC Ranking of Argentine Multinationals
The Vale Columbia Center and ProsperAr, Argentina’s Investment Development Agency, released the results of the first ever survey of outward-investing Argentine multinational enterprises. The release includes a ranking of 19 selected Argintine multinationals.
download pdf of Ranking of Argentine MNEs (Spanish version)
download press release of Argentine Ranking (Spanish version)
India: The Growth Story of Indian Multinationals
The Vale Columbia Center and the Indian School of Business (ISB) released the results of the first ever survey of outward-investing Indian multinational enterprises. The release includes a ranking of 24 selected Indian multinationals based on 2006 data.
download pdf of ISB Ranking of Indian MNEs
download press release of 2006 ISB Ranking
Russia: SKOLKOVO 2008 Ranking of Russian MNEs
The Vale Columbia Center and the SKOLKOVO Moscow School of Management released the 2008 ranking of the Top 25 Russian multinational enterprises on November 13, 2008. This ranking is an update of the 2007 CPII-SKOLKOVO ranking of Russian MNEs which was released on December 11, 2007.
download pdf of SKOLOVO 2008 Ranking of Russian MNEs
download press release of 2008 SKOLKOVO Ranking
download pdf of SKOLKOVO-CPII 2007 Ranking of Russian MNEs
China: FUDAN-VCC 2007 Ranking of Chinese MNEs
On October 22, 2008, the School of Management at Fudan University and the Vale Columbia Center released the 2007 ranking of 18 large Chinese multinational enterprises. While not a ranking of the top Chinese MNEs (due to the difficulty of getting data), this is the first-ever ranking of major Chinese MNEs providing these data. The 18 firms ranked have played a vital role in the expansion of Chinese MNEs into foreign markets, and they had at least U.S. $79 billion in overseas assets as of the end of 2006, employed more than 120,000 persons abroad, and had U.S. $79 billion in sales by their foreign affiliates.
A conference related to the ranking was held October 22, 2008, in Shanghai. View the conference program, a report on the conference, and the press release.
download pdf of FUDAN-VCC 2007 Ranking of Chinese MNEs in English
download Ranking of Chinese MNEs in Chinese
download Ranking of Chinese MNEs in Spanish
Slovenia: CIR-CPII 2008 Ranking of Slovenian MNEs
The ranking of the Top 25 Slovenian MNEs, undertaken by the Centre of International Relations (CIR) and the Columbia Program on International Investment (CPII), was released on March 18, 2008. The ranking reveals the dynamism of outward foreign direct investment activity by Slovenian firms, which now control nearly US$4bn in assets abroad. The foreign assets and employment of these MNEs each more than doubled since 2004, while foreign sales increased by 60%. The retail chain Mercator led the ranking, with nearly US$1bn in foreign assets.
download pdf of CIR-CPII 2008 Ranking of Slovenian MNEs
EMGP Roundtable
The EMGP project held a special Roundtable on Emerging Market Multinationals in a Time of Crisis on August 20, 2009, immediately following the Five Diamond conference in Nova Lima, Brazil.
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As part of Columbia University's Liberia Advisory Project (headed by Dr. Jeffrey D. Sachs and Dr. Macartan N. Humphreys), the CPII provided expert support to the Government of Liberia on strategies for attracting FDI to the country. More specifically, it supported the National Investment Council (Liberia) in the preparation and launch of an Investor's Guide to Liberia, released in time for the Liberia Private Sector Investment Forum that took place February 15, 2007, in Washington, DC. The event was organized by The Corporate Council on Africa in co-sponsorship with the Government of Liberia, the International Finance Corporation, and the Overseas Private Investment Corporation.
Download (pdf) the Investor's Guide to Liberia.
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International Investment Syllabus Project
One immediate result of the Second Columbia International Investment Conference, “What’s Next in International Investment Law and Policy?” (October 30-31, 2007), was the launch of an international investment “syllabus project”. Professor Andrea K. Bjorklund (akbjorklund@ucdavis.edu), from University of California at Davis, School of Law, is leading the project on behalf of the Vale Columbia Center on Sustainable International Investment.
The ultimate objective of the project is to construct a model syllabus for international investment law and make it available to institutions of higher learning throughout the world, especially in emerging markets. The first step in achieving this objective was to ascertain what classes are currently being offered and their content. Therefore, we have collected syllabi in the area of international investment law and related public policy issues and are making them available on the Center’s website. The second step will be a consultative process involving investment professionals, including academics, arbitrators, counsel, and government officials, to examine the syllabi gathered, identify lacunae, and discuss different models for investment law instruction. Finally, we will put together a set of model syllabi for courses on international investment law.
download pdf of each syllabus by clicking on the course name:
Stanimir A. Alexandrov |
Stanimir A. Alexandrov |
Jose E. Alvarez |
Jeffery Atik |
Perry S. Bechky |
Pieter H.F. Bekker |
Andrea K. Bjorklund |
Melaku Geboye Desta, Abba Kolo, and Thomas Walde |
Janet Dine and Peter Muchlinski |
Rudolf Dolzer |
Christopher Dugan, Borzu Sabahi, and Don Wallace Jr. |
Lorraine Eden |
Victor Essien |
Gabriel Gari, Rosa Lastra, and George Walker Law of Finance and Foreign Investment in Emerging Economies
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Norah Gallagher, Joanna Gomula-Crawford, and Loukas Mistelis |
Kenneth Hansen and Lee Zak |
Kenneth Hansen, David Khairallah, and Marcia Wiss |
Jean Kalicki and Mark Kantor |
Daoud Khairallah and Marcia Wiss International Project Finance and Investment
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Andreas Lowenfeld International Economic Transactions, International Investment International Economic Transaction Documents on International Investment |
Mark S. McNeill |
Owen D. Nee International Business and Investment Transactions with China |
Hari Osofsky |
August Reinisch |
W. Michael Reisman and Guillermo Aguilar-Alvarez |
James N. Rosenau |
John Ruggie |
Jeswald W. Salacuse |
Val Samonis |
Karl P. Sauvant |
Christoph Schreuer |
Anthea Roberts |