The multilateral agreement on investment: an indecent proposal and not learning the lessons of history

Abstract

A number of conclusions have already been reached in the course of the article. To sum it all up, this article has contended that the Multilateral Agreement on Investment (MAl) which was proposed by the Organisation for Economic and Community Development (OECD) in 1995 and abandoned three years later was unnecessary anyway. It has been a theme of this article that the environment for global investments is changing. Some new dynamics are taking place in a context of a new global competitiveness paradigm. This is leading to a rise in international production and growth in investments.