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Columbia FDI Perspectives is an occasional series of perspectives on important and topical foreign direct investment issues.
The Vale Columbia Center on Sustainable International Investment seeks to promote a robust and wide ranging exchange of perspectives in the FDI area. Accordingly, the opinions expressed by individual authors through the Columbia FDI Perspectives do not necessarily reflect the opinions of Columbia University or its partners and supporters.
No. 16: "Can the U.S. Remain an Attractive Host for FDI in the Auto Industry? New Labor Policy and Flexible Production," by Terutomo Ozawa. The author argues that the proposed EFCA, if enacted, would decrease the attractiveness of the United States for FDI in the auto industry. This Perspective was also printed in the Shanghai Daily.
No. 15: "The global economic crisis and FDI flows to emerging markets," by Laza Kekic. For the first time ever, emerging markets are set to attract more FDI inflows than developed countries in 2009. This Perspective examines this prospect, based on an analysis of the severe downturn of investment flows worldwide this year. This Perspective was also printed in the China Daily.
No. 14: "Sovereign wealth funds: much ado about some money," by Charles Kovacs. This Perspective makes the point that sovereign wealth funds constitute only one of the pools of anonymous capital, and for that matter, not even one of the most important ones. However, the author recognizes that issues of national security are involved and require attention.
No. 13: "The growth of Brazil’s direct investment abroad and the challenges it faces," by Luís Afonso Lima and Octavio de Barros. Brazil's FDI outflows reached $21 billion in 2008; in the first five months of 2009, however, Brazil's OFDI declined by 87% due to the global economic crisis. The authors note that while Brazilian companies, like companies elsewhere, have sought markets and natural resources abroad, they have also in part been pushed to escape the investment climate at home. The authors end by suggesting some rethinking of key government policies.
No. 12: "Outward investment by Trans-Latin enterprises: reasons for optimism," by Michael Mortimore and Carlos Razo. Despite the global crisis, outward FDI by Latin American firms grew by more than 40% in 2008. The picture for 2009 is less clear, due to the expected regional GDP contraction, falling commodity prices, and tightening credit markets. Nonetheless, the authors argue that many countervailing factors make Latin American investment more resilient in the crisis than other regions may be.
No. 11: "Indian FDI falls in global economic crisis: Indian multinationals tread cautiously," by Jaya Prakash Pradhan. After growing faster than other emerging markets for some time, Indian investment abroad declined in 2008 and will decline further in 2009. The global slowdown has made a difference, as have the credit crunch and a depreciating Indian currency. The stronger than expected domestic GDP growth in the first quarter of 2009 is a positive sign in this context, as is the fact that not every Indian firm with foreign interests is cash-poor.
No. 10: "National Security with a Canadian Twist: The Investment Canada Act and the New National Security Review Test," by Subrata Bhattacharjee. This perspective discusses issues raised by the new national security test for proposed investments in Canada, including the ambiguity of the “national security” term and the possibility of politicized national security reviews. The author cautions the government not to adopt an over-expansive approach to the application of the new test. The Extended Note includes a detailed summary of these amendments to the Investment Canada Act and the recently published draft regulations that provide the details of the new national security review process.
No. 9: "Are SWFs Welcome Now?" by Veljko Fotak and Wiliam Megginson. This perspective documents the change in attitudes of Western governments to foreign direct investment from sovereign wealth funds. The authors propose an analysis of sovereign wealth fund investments and their impact on target firms in order for recipient governments to formulate the proper regulatory response to sovereign direct investment.
No. 8: "Land grab or development opportunity? International farmland deals in Africa," by Lorenzo Cotula. This perspective discusses the increasing number and size of large-scale farmland acquisitions in Africa by foreign investors over the past five years, including the opportunities and risks created by this trend.
No. 7: "International Investment Arbitration: Winning, Losing and Why," by Susan Franck.This perspective reviews recent empirical research about investment treaty arbitration in order to help create a more accurate framework for policy choices and dispute-resolution strategies.
No. 6: "Improving infrastructure or lowering taxes to attract foreign direct investment?" by Christian Bellak and Markus Leibrecht. This perspective compares the impact of improving infrastructure versus lowering taxes on attracting and keeping FDI and discusses the policy implications for countries seeking to attract FDI, especially countries currently debating the relative merits of cutting taxes versus increased spending. (Also available in Chinese.)
No. 5: "While global FDI falls, China's outward FDI doubles," by Ken Davies.This perspective examines the drivers behind the surge in FDI from China in 2008 and the salient features of this outward investment. Davies also discusses how the global financial crisis is affecting China's outward FDI. A shorter version of this perspective was also printed in the Shanghai Daily.
No. 4: "A New Geography of Innovation--China and India Rising," by Gert Bruche.This perspective explains the factors behind the sudden shift toward China and India for MNE R&D centers and explores how the financial crisis will affect China’s and India’s ability to continue to capture the R&D market. (Also available in Chinese.) A shorter version of this perspective was also printed in the Shanghai Daily.
No. 3: "The Global Financial Crisis: Will State Emergency Measures Trigger International Investment Disputes?" by Anne van Aaken and Jürgen Kurtz. This perspective evaluates the possibility that emergency measures that countries are currently taking to mitigate the effects of the global financial crisis will give rise to liability under international investment law. (Reprinted in Chinese in the International Economic Cooperation Journal.)
No. 2: "The revised national security review process for FDI in the US," by Mark E. Plotkin and David N. Fagan. This perspective explains the new regulations governing the US government's national security review process for foreign mergers and acquisitions of US businesses which became effective December 22, 2008. (Also available in Chinese.) A shorter version of this perspective was also printed in the Shanghai Daily.
No. 1: "The FDI recession has begun,” by Karl P. Sauvant. This first perspective forecasts an FDI recession in the coming year. (Also available in Chinese.) A shorter version of this perspective was also printed in the Shanghai Daily.
No. 1: "Russian outward FDI and its policy context,” by Andrei Panibratov and Kalman Kalotay. This Profile looks at recent trends and developments in Russian outward FDI, the impact of the crisis, and its policy context.
Foreign Direct Investment from Emerging Markets: The Challenges Ahead, edited by Karl P. Sauvant, with Wolfgang A. Maschek and Geraldine McAllister (New York: Palgrave Macmillan, forthcoming 2010).
Outward FDI from emerging market firms, including firms in Brazil, China, India and Russia, has soared in recent years, reaching US$320 billion in 2007. Despite the current economic and financial downturn, which has seen outward investment from developed countries decline by almost 12%, outward investment from emerging markets continues to rise, growing by nearly 4% in 2008 (although it is likely to decline in 2009). Therefore, the issues raised by emerging market MNEs continue to be of great interest.
This volume, with contributions by leading experts in the field, discusses key issues facing these new global players: How does the new global FDI landscape look? What determines the policy landscape for outward and inward FDI from emerging markets? What lessons can be drawn from the experience of MNEs from developed countries? Are the U.S. and the EU ready for FDI from emerging markets? How does the financial crisis and recession affect emerging market FDI flows?
View the table of contents, foreword and preface for this volume [download .pdf].
The Yearbook on International Investment Law and Policy 2008/2009, edited by Karl P. Sauvant (New York: Oxford University Press, 2009).
Today, international investment law consists of a network of multifaceted, multilayered international treaties
that, in one way or another, involve virtually every country of the world. The evolution of this network continues,
raising a host of issues regarding international investment law and policy, especially in the area of international
investment disputes.
This Yearbook monitors current developments in international investment law and policy, focusing (in Part One) on trends in foreign direct investment (FDI), international investment agreements, and investment disputes, with a special look at developments in the oil and gas sector. Part Two, then, looks at central issues in the contemporary discussions on international investment law and policy. With contributions by leading experts in the field, this title provides timely, authoritative information on FDI that can be used by a wide audience, including practitioners, academics, researchers, and policy makers.
View the introduction [download .pdf] by Karl P. Sauvant.
View a chapter by José E. Alvarez and Kathryn Khamsi [download .pdf] on "The Argentine Crisis and Foreign Investors: A Glimpse into the Heart of the Investment Regime." (All rights reserved)
View the Table of Contents [download .pdf].
View the complete Claimant Memorial and Respondent Memorial from the Moot Court Special Section.
Download the flyer [.pdf] for ordering information.
An Advisory Board has been established to guide the preparation of future editions of the Investment Yearbook, and an Editorial Committee will be overseeing the actual preparation of each edition. Please click here for a list of the members of these committees.
The Effect of Treaties on Foreign Direct Investment: Bilateral Investment Treaties, Double Taxation Treaties and Investment Flows, edited by Karl P. Sauvant and Lisa E Sachs (New York: Oxford University Press, 2009).
In recent years, the treaties and strategies promoting foreign direct investment
(FDI) have changed dramatically. In particular, countries have liberalized their
FDI laws and have entered into bilateral investment treaties (BITs) and double
taxation treaties (DTTs) to attract such investment. The basic purpose of these
treaties is to signal to investors that investments will be legally protected under
international law in case of political turmoil and to mitigate the possibility of
double taxation of foreign entities. But the actual effect of BITs and DTTs on the
flows of foreign direct investment has been debated. The Effect of Treaties on
Foreign Direct Investment is a comprehensive assessment of the performance
of these treaties in this respect, and presents the most recent literature on BITs
and DTTs and their impact on foreign investment flows.
View a chapter [download .pdf] by Lisa Sachs and Karl P. Sauvant, “BITs, DTTs and FDI flows: an overview ” (all rights reserved).
Download the flyer [.pdf] for ordering information or order on Amazon.com.
View the Table of Contents.
Investing in the United States: A Reference for Chinese Investors
The Vale Columbia Center partnered with the U.S. Chinese Services Group of Deloitte LLP to assess the readiness of the United States for foreign direct investment (FDI), and especially M&As, from China. The results of the year-long study are being published in a series of booklets over the next several months. These studies are also of great interest to investors from other countries seeking to expand into the United States as they are confronted with the new regulatory environment for such investment.
Is the U.S. Ready for FDI from China? Lessons from Japan's Experience in the 1980s, by Curtis Milhaupt.
The U.S. environment for inbound FDI from China- and the reactions to it- today exhibit striking parallels with the environment for Japanese FDI in the 1980s. This booklet examines the experience of Japanese interests in the United States and seeks to draw lessons for China.
Download (English) | (Chinese)
The U.S Regulatory and Institutional Framework for FDI , by David Fagan.
This booklet addresses the regulatory and institutional framework governing FDI in the United States. As the regulatory framework varies greatly depending on the nature of the transaction, the booklet provides a thorough overview of the regulatory environment for mergers and acquistions as well as greenfield investments. It identifies areas of heightened risks for Chinese investors and discusses ways to enhance the likelihood of regulatory approval and minimize potential political risk. Download (English) | (Chinese)
International Investment Law Protections, by Mark Kantor.
China and the U.S. have commenced serious discussion of a possible bilateral investment treaty. The third booklet in the series looks at the protections afforded by investment treaties to Chinese investors in the United States, including the use of investor-State arbitration to enforce substantive rights such as the international minimum standard of treatment (including fair & equitable treatment), the obligation to provide full compensation for direct or indirect expropriations, and the anti-discrimination principles of “Most Favored Nation” and “National Treatment.” The booklet also covers limits on those international law protections. Coming Soon!
The Politics of Chinese Investment in the U.S., by Timothy Frye and Pablo M. Pinto.
The fourth booklet in the series explores the political dynamics surrounding Chinese investment in the United States. It surveys the entire landscape of U.S. stakeholders – government, business, labor, think tanks, the media, and the public -- and provides insights into their preferences and relative power. The booklet also describes approaches that may help Chinese investors manage these complex relationships and lower sensitivities toward their investment activities. Coming Soon!
Appeals Mechanism in International Investment Disputes, edited by Karl P. Sauvant with Michael Chiswick-Patterson (New York: Oxford University Press, 2008).
Appeals Mechanism in International Investment Disputes brings together significant contributions from leading voices in academia, the legal profession, and government on the increasingly important topic of international investment and the legal system in which it operates. It compiles, compares and contrasts the analysis and arguments of leading scholars, practitioners and government officials on the future of the international investment law regime. The volume pays particular attention to the question of an appellate body for international investment disputes.
View the table of contents [download .pdf] and the publication flyer [download .pdf].
View a chapter [download .pdf] by Jan Paulsson, “Avoiding unintended consequences” (all rights reserved).
View a chapter [download .pdf] by Karl P. Sauvant, “The rise of international investment, investment agreements and investment disputes” (all rights reserved).
Visit the Oxford University Press website to purchase the volume.
The Rise of Transnational Corporations from Emerging Markets: Threat or Opportunity?, edited by Karl P. Sauvant with Kristin Mendoza and Irmak Ince (Cheltenham: Edward Elgar, 2008)
The Rise of Transnational Corporations from Emerging Markets: Threat or Opportunity? deals with the range of issues raised by the rise of transnational corporations from emerging markets. This insightful book shows that foreign direct investment from emerging markets has grown from negligible amounts in the early 1980s to $300 billion in 2007, with the stock of investment now being well over $1 trillion. This reflects the rise of firms from these economies to become important players in the world FDI market.
The contributors to this book comprehensively analyze the rise of emerging market TNCs, the salient features of the transnational activities of these firms, the relationship of outward FDI to the competitiveness of the firms involved, their impact on host and home countries and implications for the international law and policy regime.
The subject of this study is both topical and important and poses a number of challenges that will require considerable policy attention in the future. It will appeal to academics interested in FDI as well as emerging markets.
View the publication flyer with table of contents [download .pdf], and the flyer for the paperback edition, released in 2009. [download .pdf]
View a chapter [download .pdf] by Jeffrey D. Sachs, “The rise of TNCs from emerging markets: the global context” (all rights reserved).
View a chapter [download .pdf] by Karl P. Sauvant, “The rise of TNCs from emerging markets: the issues” (all rights reserved).
Visit the Edward Elgar Publishing website to purchase the volume.
World Investment Prospects to 2011: Foreign Direct Investment and the Challenge of Political Risk
The Columbia Program on International Investment, now the Vale Columbia Center on Sustainable International Investment, partnered with the Economist Intelligence Unit, a member of The Economist Group, to publish World Investment Prospects to 2011: Foreign Direct Investment and the Challenge of Political Risk. The report contains the first authoritative data on FDI flows for 2006 and forecasts flows until 2011, with 2007 set for a new record. It also contains the results of a survey of over 600 corporate executives concerning their investment intentions for the next five years. World Investment Prospects to 2011 pays special attention to the rise of FDI protectionism and regulatory risk. The report was released on Sept. 5, 2007. A webcast of the publication press conference and a podcast interview are now available for download .
In the report, Jeffrey D. Sachs, Director of The Earth Institute at Columbia University, examines emerging market political risk in the energy sector and how to address it. Laza Kekic, Director, Country Forecasting Services, Economist Intelligence Unit, analyzes key FDI trends to 2011. Karl P. Sauvant, Executive Director, Columbia Program on International Investment, explores the potential impact of FDI protectionism on global FDI flows. Matthew Shinkman of the Economist Intelligence Unit presents and analyzes the detailed results of the MNE survey.
(download pdf of the World Investment Prospects to 2011 report)
(view press conference webcast for World Investment Prospects to 2011 - requires RealPlayer)
Podcast: Karl P. Sauvant discusses the World Investment Prospects to 2011: Foreign Direct Investment and the Challenge of Political Risk with James Reese on Radio Economics.
View our global and regional press releases:
Global Press Release (Spanish)
Europe & Eurasia Press Release
Latin America Press Release (Spanish)
Middle East & North Africa Press Release
Sub-Saharan Africa Press Release
World Investment Prospects to 2010: Boom or Backlash?
On September 5, 2006, the Columbia Program on International Investment and the Economist Intelligence Unit, a member of The Economist Group, released World Investment Prospects to 2010: Boom or Backlash? – a joint publication from the World Investment Prospects annual series. This 2006 publication contains FDI-flow forecasts at the global and regional levels for 2006-2010, as well as for 82 countries. It also contains FDI data, business environment rankings and market profiles; an analysis of FDI trends and of important topical issues; and a data annex.
For a free copy of the Special Edition of the 2006 Report (those parts of the report that contain an analysis of future and past investment flows and key issues surrounding them)and the global and regional press releases on the report, use the links below. The full report is available for purchase at: www.store.eiu.com.
(download pdf of the Special Edition of the 2006 report)
Podcast: Karl P. Sauvant discusses the World Investment Prospects to 2010: Boom or Backlash? with James Reese on Radio Economics.
(download pdf of the 2006 Global press release)
(download pdf of the 2006 Asia press release)
(download pdf of the 2006 Central and Eastern Europe press release)
(download pdf of the 2006 Latin America press release)
(download pdf of the 2006 Middle East press release)
(download pdf of the 2006 Sub-Saharan Africa press release)
Chinese translations
(download pdf of the 2006 Global press release in Chinese)
(download pdf of the 2006 Asia press release in Chinese)
Japanese translations
(download pdf of the 2006 Global press release in Japanese)
(download pdf of the 2006 Asia press release in Japanese)
Vale Columbia Center on Sustainable International Investment, VCC Newsletter (New York: Columbia University, September 2009). [download .pdf]
Vale Columbia Center on Sustainable International Investment, VCC Newsletter (New York: Columbia University, May 2009). [download .pdf]
Vale Columbia Center on Sustainable International Investment, VCC Newsletter (New York: Columbia University, February 2009). [download .pdf]
Vale Columbia Center on Sustainable International Investment, VCC Newsletter (New York: Columbia University, November 2008). [download .pdf]
Columbia Program on International Investment, CPII Newsletter (New York: Columbia University, Winter 2007/2008). [download .pdf]
Columbia Program on International Investment, CPII Newsletter (New York: Columbia University, Winter 2006/2007). [download .pdf]
The Millennium Cities Initiative (MCI) at The Earth Institute at
Columbia University and the Vale Columbia Center on Sustainable
International Investment have launched the
MCI and VCC Working Papers Series on Investment in the Millennium
Cities. (A separate MCI working papers series addresses investment in the social sector.)
The first working paper in the series is entitled Kumasi Marketing
Strategy: Tourism (Working Paper No. 02/2008). It presents a strategy
for how the Millennium City of Kumasi, Ghana, can capitalize on the
growth of tourism in Ghana, market itself more effectively as a
tourist destination, and differentiate itself from other locations.
The second working paper is entitled “Assessing Infrastructure Constraints on Business Activity in Kumasi, Ghana,” (Working Paper No. 03/2008). It analyzes the state of infrastructure for business activities and identifies key opportunities for infrastructure investment in the city of Kumasi.
The third working paper, entitled “Bamboo Bicycles in Kumasi, Ghana” (Working Paper No. 04/2008), assesses the feasibility and investment opportunity of implementing a bamboo bicycle production facility in Kumasi, Ghana. It was produced in partnership with KPMG.
The fourth working paper, entitled "Assessing Infrastructure Constraints on Business Activity in Kisumu, Kenya" (Working Paper No. 05/2008), analyzes the state of infrastructure for business activities and identifies key opportunities for infrastructure investment in the city of Kisumu.
The fifth working paper, entitled "Sugar in Kisumu" (Working Paper No. 06/2008), analyzes foreign investment opportunities in the sugar industry in Kisumu, specifically during the production stage, and assesses the relevant costs and risks associated with the identified opportunities. The paper was produced in partnership with KPMG.
The sixth working paper, entitled “Foreign Direct Investment in Blantyre, Malawi: Opportunities and Challenges” (Working Paper No. 07/2009), analyzes foreign investment opportunities in Blantyre, including in the textile manufacturing and agro-processing industries, and identifies their investment potential. The paper was produced by an Economic and Political Development (EPD) workshop team from Columbia’s School of International and Public Affairs (SIPA). Special recognition is given to Sawa Nagakawa for her outstanding contributions in finalizing the paper.
The seventh working paper,entitled “Assessing Infrastructure Constraints on Business Activity in Blantyre, Malawi” (Working paper No. 08/2009), analyzes current infrastructure constraints faced by businesses in the Blantyre region, including in transportation, electricity, water and communications. The paper was produced by Zaki Raheem.
The MCI and VCC Working Papers Series on Investment is intended to
provide policy analysis and outline challenges and opportunities for
investment across the Millennium Cities.
For more information, please contact Editor-in Chief Dr. Karl P.
Sauvant at karl.sauvant@law.columbia.edu, Editor Joerg Simon at
jks2149@columbia.edu, or Managing Editor Paulo Cunha at +646-884-7422, pmc2105@columbia.edu.
Investor Opportunities in Blantyre, Malawi
In October 2009, MCI and KPMG released a report on investment opportunities in Blantyre, Malawi, one of the Millennium Cities. The report analyzes sectors and products showing potential for investment in Blantyre and the region.
Investors Guide to São Tomé and Príncipe
The Investor's Guide to São Tomé and Príncipe, released on September 19, 2008, intends to make São Tomé and Príncipe better known to global investors. The principal investment opportunities are identified in the 
areas of agriculture (cocoa, flowers, fruits and vegetables for export), adventure and eco-tourism, fisheries, regional
trans-shipment, and petroleum services. The Guide also provides an account of the investment climate and the broader context of the country.
The Portuguese version of the Guide was released on September 19, 2008 in Lisbon, Portugal, in an event hosted by the Portuguese Business Development Agency (AICEP), with the participation of his H.E. President Fradique de Menezes. The English version of the Guide was released in a special dinner for the President in New York on September 22, 2008.
The Guide was prepared by The Earth Institute at Columbia University in collaboration with the Vale Columbia Center on Sustainable International Investment. The Guide has the high-level support of the Government of São Tomé and Príncipe, the
Corporate Council on Africa (CCA), and the European Business Council for Africa and the Mediterranean (EBCAM) and was drafted with input from local and international stakeholders.
download the English version here
download the Portuguese version here
Invest in Ghana: Focus Kumasi
Click here to download Invest in Ghana: Focus Kumasi.
Click here to read the press release announcing the publication of Invest in Ghana: Focus Kumasi.
The Millennium Cities Initiative (MCI), the United Nations Conference on Trade and Development (UNCTAD) and the Columbia Program on International Investment (CPII) released Invest in Ghana: Focus Kumasi in April 2008. It is the first city investment guide in West Africa.
Kumasi is Ghana's second largest city and capital of the Ashanti region. It is an important commercial center. Its location, climate and safety, combined with Ghana's increasing access to foreign markets, make Kumasi attractive to investment in a number of areas. One sector of great potential discussed in the Guide is in the area of cocoa and its processing. Another concrete opportunity is the production of fruit juice made from different fruit growing in the region. Furthermore, opportunities were identified in the hotel sector and in retail. The production of pharmaceuticals also has great potential. Other areas with potential include agriculture and agro-processing as well as manufacturing. The Guide outlines these opportunities as well as relevant matters such as tax and regulatory conditions in Ghana.
The Guide was developed with the support of the United Nations Industrial Development Organization (UNIDO) and the Ghana Investment Promotion Centre
(GIPC). The Corporate Council on Africa (CCA) and the European Business Council for Africa and the Mediterranean (EBCAM) have lent their support to this effort.
The Guide was launched in Kumasi on April 18, 2008.
Invest in Kenya: Focus Kisumu
MCI and CPII released Invest in Kenya: Focus Kisumu in September 2007. The Guide, the first city investment guide for Africa, was prepared by the Millennium Cities Initiative (MCI) in cooperation with the Columbia Program on International Investment (CPII).
Fittingly, MCI’s first investor’s guide focuses on Kisumu, the first city named a Millennium City. Kisumu, located on Lake Victoria, is Kenya’s third largest city and an important economic center. Its location, climate and safety, combined with Kenya’s increasing access to foreign markets, make Kisumu attractive to investment in a number of areas. One sector of great potential discussed in the Guide is agriculture, with opportunities in the areas of sugar cane, cotton, groundnuts, rice, and horticultural crops. Other areas with potential include aquaculture, agro-processing and dairy. The Guide delves into these opportunities as well as relevant matters such as tax and regulatory conditions in Kenya.
The Guide was developed with the support of the Governments of Kenya and Finland, the United Nations Development Programme (UNDP) and United Nations Industrial Development Organization (UNIDO). The Corporate Council on Africa (CCA) and the European Business Council for Africa and the Mediterranean (EBCAM) have lent their support to this effort.
The Guide was officially launched in Nairobi on September 26, 2007.
Investor's Guide to Liberia
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.
Interview with Karl P. Sauvant for "The Rise of China" (video), in celebration of China's 60th Anniversary (produced by Netease).
Karl P. Sauvant, “FDI Protectionism Is on the Rise,” Policy Research Working Paper 5052 (The World Bank, September 2009). Shorter versions of this paper were published in Evenett et al. (eds), “The fateful allure of protectionism: Taking stock for the G8,” The World Bank and Center for Economic Policy Research (2009), pp. 53-56, available here, and in the World Bank Research Digest (fall 2009), available here.
Karl P. Sauvant, "We must guard against growing protectionism," op. ed., Shanghai Daily, August 4, 2009.
Lisa E. Sachs, "Bilateral investment treaties and FDI flows," WAIPA Newsletter, Issue 5, Quarter 2 (2009).
Karl P. Sauvant, “The rise of FDI protectionism,” in A New Investment Paradigm, OCO Insight (OCO Global, 2008/2009).
Nely Caixeta, "Learning from the Crisis," Presença Internacional do Brasil, May/June 2009, pp. 22-25. In this interview with Karl P. Sauvant, Dr. Sauvant discusses the impact of the financial crisis on emerging markets. [Also: Editors' note: "Two way street."]
Karl P. Sauvant, "Watch out for the rise of protectionism in FDI," Letter to the editor, Financial Times, March 14, 2009.
Karl P. Sauvant, "Pondering FDI in Crisis: investment could drop or it just might rise," op. ed., Shanghai Daily, November 28, 2008.
Karl P. Sauvant, "Emerging markets' FDI strikes sensitive nerve," op. ed., Shanghai Daily, October 23, 2008.
Karl P. Sauvant and Clarence Kwan (2008), "Chinese Direct Investment in the United States-- The Challenges Ahead," Location USA, pp. 39-46. This article is based on a longer working paper of the same name, published by the U.S. Chinese Services Group of Deloitte LLP and the Vale Columbia Center. (download)
Karl P. Sauvant (2008), "Des contrats plus justes pour les pays pauvres," op. ed., Le Monde (France). This op. ed. (published in English as “ Fair Contracts for Poor Countries”) also appeared in Les Echos (Mali), Standard Times (Sierra Leone), The Independent (Bangladesh), Modern Weekly (China), The Korea Times (Republic of Korea), The Edge (Malaysia), Daily Times (Pakistan), Business World (Philippines), Taipei Times (Taiwan Province of China), I Naftemporiki (Greece), The Malta Independent (Malta), Jornal De Negocios (Portugal), Reforma (Mexico), El Nuevo Diario (Nicaragua), La Prensa (Panama), Al Tijaria (Bahrain), Al-Sabah Al-Jadeed (Iraq), Al Eqtisadiah (Saudi Arabia), Yemen Times (Yemen), and Diario Las Americas (USA).
Karl P. Sauvant (2008), "Outward FDI from Emerging Markets: Some Policy Issues," in John H. Dunning and Philipe Gugler, Foreign Direct Investment, Location and Competitiveness: Progress in International Business Research, volume 2 (Oxford: Elsevier Ltd, 2008), pp. 279-284. [download .pdf]
Karl P. Sauvant (2007), "Africa: the FDI opportunities are local," International Trade Forum (online), 1/2007. [download .pdf]
Karl P. Sauvant (2007), "FDI goes local: the Millennium Cities Initiative," International Trade Forum, 1 (Geneva: International Trade Centre), p. 29-30. [download .pdf]
Karl P. Sauvant (2006), "Inward and outward FDI and the BRICs", in Subhash C. Jain (ed.), Emerging Economies and the Transformation of International Business: Brazil, Russia, India and China (Cheltenham, U.K.: Edward Elgar), pp. 313-409. For purchasing information please visit Edward Elgar.
A part of this chapter was published, under the title "New sources of FDI: the BRICs. Outward FDI from Brazil, Russia, India and China," [download pdf] in the Journal of World Investment & Trade, vol. 6 (October 2005), pp. 639-709; an abbreviated version is published in Portuguese in André Almeida (org.), Internacionalização de Empresas Brasileiras: Perspectivas e Riscos (São Paulo, Brazil: Elsevier Editora Ltda, 2007), pp.37-78. [download pdf].
KarlP. Sauvant (2006), "Chávez strategy points to emerging nation rethink on approach to FDI," letter to the editor, Financial Times, January 15, 2006.
Karl P. Sauvant (2006), "Without investment, the countries have nothing to trade," letter to the editor, Financial Times, December 27, 2006.
Karl P. Sauvant (2006), "Les investisseurs étrangers sont-ils encore les bienvenus?", op. ed. , Le Monde, October 10, 2006. This op. ed. also appeared in the Shanghai Daily (China), Bangkok Post (Thailand), Korea Herald (Republic of Korea), Taipei Times (Taiwan), Companion (Ukraine), Les Echos (Mali), Daily Times (Pakistan), Reforma (Brazil), The Edge Daily (Malaysia), Hong Kong Economic Journal (Hong Kong), Business Report (South Africa), Webdairy (Australia), Delo (Slovenia), Valor (Brazil), La Opinion (USA), Het Financieele Dagblad (The Netherlands) and Altmotamar (Yemen), Business World (Philippines), AKI-Press (Kyrgyzstan), Belarusians and the Market (Belarus), L'Echo (Belgium), Respekt (Czech Republic), Aripaev (Estonia), Logos Press (Moldova), El Observador (Uruguay), Al Eqtisadiah (Saudi Arabia), Diario Las Americas (USA).
Karl P. Sauvant (2006), "A backlash against foreign direct investment?" in World Investment Prospects to 2010: Boom or Backlash? (London, UK: The Economist Intelligence Unit Ltd.), pp 71-77. [download pdf]
Karl P. Sauvant (2006), "We need to think about policy implications of integration," letter to the editor, Financial Times, June 14, 2006.
Karl P. Sauvant (2005), "Reservoirs of the future," in Samuel Passow and Magnus Runnbeck (eds.), What's Next? Strategic Views on Foreign Direct Investment (Jönköping, Sweden: Invest in Sweden Agency), pp. 90-97. [download pdf]
Conference presentations and panels
Karl P. Sauvant (2007), "FDI in emerging markets: how are they doing and what should they be doing?" (Geneva: UNCTAD and University of Oxford), mimeo. Papers for the meeting on FDI, Technology and Competitiveness, March 8-9, 2007.
Karl P. Sauvant (2006), "Transnational corporations and the United Nations: the evolution of the international policy and legal debate over 30 years" (London: British Institute of International and Comparative Law), Chalfen Memorial Lecture, April 27, 2006. The lecture examined the proliferation of international investment agreements, their changing orientation and the swings in policy toward FDI during the past 30 years and the factors explaining these developments. To be published.