Regulating International Business

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The suspension of the negotiations for the proposed Multilateral Agreement on Investment (MAI) in October 1998 marked a turning-point in the international debate and negotiations on liberalization. The MAI's failure followed a world-wide grassroots campaign that exposed its flaws and made it difficult for governments to win the necessary domestic political support. As a result future negotiations for international economic agreements will need to address public concerns and consider new approaches. This timely book offers proposals for a new positive regulatory framework for international business aimed at reducing poverty and promoting sustainable development. It examines the flaws in neo liberal strategies underpinning the recent phase of globalization, especially the lessons from the MAI. The book combines academic analysis with practical experience. Contributors include academics, researchers for non-governmental organizations and business and trade-union representatives, writing from a combination of economic, legal and political perspectives.