Publications - CPII Newsletters - Articles - Reviews - Conference presentations - Lectures
Appeals Mechanism in International Investment Disputes
Appeals Mechanism in International Investment Disputes (Oxford University Press, 2008) 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 the leading scholars, practitioners, and government officials on the future of the international investment law regime.
With a particular emphasis on the question of an appellate body for international investment disputes, the authors explore ways to streamline and improve the system, channeling the benefits of investment flows to people in both the developing countries and emerging markets.
The volume, edited by Karl P. Sauvant with Michael Chiswick-Patterson, addresses a question of growing importance—how to improve the international law regime to increase prosperity and further global development.
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?
The Rise of Transnational Corporations from Emerging Markets: Threat or Opportunity? (Edward Elgar, 2008) 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 $210 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 and the competitiveness of the firms involved, their impact on host and home countries and implications for the international law and policy system.
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. Karl P. Sauvant, editor of the volume with with Kristin Mendoza and Irmak Ince, has gathered together a group of leading academics that makes this an informative and valuable read for anyone interested in the subject, including academics, students at all levels and private sector entities, as well as government officials dealing with outward FDI.
View the publication flyer with table of contents [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.
Invest in Kenya: Focus Kisumu
MCI and CPII are pleased to release Invest in Kenya: Focus Kisumu. 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.
World Investment Prospects to 2011: Foreign Direct Investment and the Challenge of Political Risk
The Columbia Program on International Investment has 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 MNC 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)
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]
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, “The rise of international investment, investment agreements and investment disputes,” in Karl P. Sauvant with Michael Chiswick-Patterson (eds.), Appeals Mechanism in International Investment Disputes (Oxford University Press: 2008). [download .pdf]
Karl P. Sauvant, “The rise of TNCs from emerging markets: the issues,” in Karl P. Sauvant with Kristin Mendoza and Irmak Ince (eds.), The Rise of Transnational Corporations from Emerging Markets: Threat or Opportunity? (Edward Elgar). [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). [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.
Chapter contents
IntroductionInward FDI
Outward FDI
The BRICs: Overview
- Brazil: taking off?
- Salient features
- Drivers and motivations
- Government's role and policy development
- The Russian Federation: a significant investor
- Salient features
- Drivers and motivations
- Government's role and policy development
- India: a new vigour
- Salient features
- Drivers and motivations
- Government's role and policy development
- China: going global
- Salient features
- Drivers and motivations
- Government's role and policy development
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]
Stanimir A. Alexandrov, "International investment agreements: key issues" (Volume I), Karl P. Sauvant and Joerg Weber (eds.) (UNCTAD, 2004) in ICSID Review: Foreign Investment Law Journal, Vol. 20, No. 2 (Fall 2005), pp. 647-651. [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), "The rise of investment disputes" (New York: Columbia University), mimeo. Presentation at the Symposium on Transparency and Consistency in International Investment Law: Is There a Need for a Review Mechanism?, April 4, 2006. To be published later in the Symposium volume.
Karl P. Sauvant (2007), "Is a backlash against FDI in the making?", Yonsei University, Seoul, May 18, 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.