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20 - Foreign investment

from Part IV - Linkage of international environmental law and other areas of international law

Published online by Cambridge University Press:  05 June 2012

Philippe Sands
Affiliation:
University College London
Jacqueline Peel
Affiliation:
University of Melbourne
Adriana Fabra
Affiliation:
Universitat de Barcelona
Ruth MacKenzie
Affiliation:
University of Westminster
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Summary

INTRODUCTION

Foreign direct investment is now the largest source of external finance for developing countries, having outstripped public sector overseas development assistance since the early 1990s.

In 2002, the WSSD Plan of Implementation called on states to:

[f]acilitate greater flows of foreign direct investment so as to support sustainable development activities, including the development of infrastructure, of developing countries, and enhance the benefits that developing countries can draw from foreign investment, with particular actions to:

(a) Create the necessary domestic and international conditions to facilitate significant increases in flows of [foreign direct investment] to developing countries . . .

(b) Encourage foreign direct investment in developing countries and countries with economies in transition through export credits that could be instrumental to sustainable development.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2012

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References

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Symposium on Regulatory Takings in National and International LawNew York University Environment Law Journal 1 2003
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Miles, K.‘Innovative Financing: Filling in the Gaps on the Road to Sustainable Environmental Funding'Review of European Community and International Environmental Law 202 2005Google Scholar
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Mountfield, H.‘Regulatory Expropriations in Europe: The Approach of the European Court of Human Rights'New York University Environmental Law Journal 136 2003Google Scholar
Sands, P.‘Searching for Balance'New York University Environmental Law Journal 198 2003Google Scholar

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