International Business Law

2579 WordsDec 11, 200811 Pages
WORD COUNT: 1981 TABLE OF CONTENT: Pg 1. Introduction……………………………………………………………………… Significance of trade and investment to world economic growth Overview of trade and investment law 2. Trends in Trade and Investment……………………………………………… Volume of trade and investment in the last 5yrs in terms of growth Contribution to global economy FDI and Developing nations 3. Effects of Trade liberalization………………………………………………… Discuss trade liberalization and legal principles Discuss the legal, political and economic effects of Free -Flow of goods and services 4. Foreign investment in the global economy…………………………………….. The global economy and foreign investment law Impact of globalization on foreign investment law…show more content…
Trade Representative “America and the World Trade Organization,” 2000) For the decade ending in 1999, the organization for Economic Co-operation and Development (OECD) reports that “more pen” countries achieved double the annual average growth of other countries. (OECD Observer Policy Brief, October 1999, p. 2.) Even developing countries have benefited from greater international trade and investment. As the Council of Economic Advisers reported in 1999: “Data from 1974-1985 and 1986-1992 show developing countries with inward-oriented economic policies experiencing less annual growth of GDP [gross domestic product] per capita than those with outward-oriented economic policies. (World Trade Organization: An Economic Assessment, November 16, 1999) Greater international trade and investment have also had a positive effect on income. One study of how international trade affects standards of living found: “The relation between the geographic component of trade and income suggests that a rise of one percentage point in the ratio of trade to GDP increases income per person by at least one-half percent. (Jeffrey A.F. and Romer D June 1999, p. 394) (The “geographic component” tends to reflect the natural variations in trade, as opposed to trade variations induced by, say, government policies, therefore establishing a more direct relationship between trade and income.) The Council of Economic Advisers likewise reported in 1998 the results of a study of data

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