Like international trade, cross-border direct investment drives economic growth. The value of cross-border investment flows has increased dramatically worldwide in response to liberalization of investment rules over the past couple of decades. But the trend toward liberalization has slowed, even reversed, in recent years. In April, the International Chamber of Commerce published the first revision in 40 years to its International Investment Guidelines, and the Obama administration published long-awaited revisions to its template for international investment agreements—the so-called model bilateral investment treaty. Will these developments help rein in investment protectionism. How will they influence cross-border investment flows? Can they help achieve the vaunted macroeconomic rebalancing?
Featuring the author Angus Deaton, Dwight D. Eisenhower Professor of Economic and International Affairs, Woodrow Wilson School of Public and International Affairs & Economics Department, Princeton University; with comments by Charles Kenny, Senior Fellow, Center for Global Development; moderated by Ian Vasquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
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December 10, 2013
December 9, 2013
The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.