International Investment
for
Sustainable Development
Edited by Lyuba Zarsky
Eathscan, 2004; $38.83 paperback
Order
from Earthscan
 *
Exposes the flaws in the current international investment
regime
* Essential reading for
policy-makers and others engaged in debates concerning
international trade, foreign investment and sustainable
development
* Charts a course for
new international investment rules that benefit the
common good and provide rewards for all
This book critically
examines the interface between sustainability, development,
and the governance of international investment. In
doing so it challenges the orthodox view that foreign
direct investment (FDI) is the ‘miracle drug’
for development in poor countries, and it exposes
serious shortcomings in the current international
investment regime, which expands the rights of transnational
corporations (TNCs) without commensurate rewards for
the common good. Among the issues probed are the relationship
between FDI and sustainable development in developing
countries and the structure and scope of the emerging
international investment regime along with the underlying
problems it poses for achieving global sustainability
and equity. Ultimately the contributors map out a
new way forward, towards the creation and implementation
of international investment rules that will promote
global sustainability, equity and rewards for all.
Contributors
Monica Araya • Sandy Buffett • Aaron
Cosbey • Kevin P. Gallagher • Luke Eric
Peterson • John Mugabe • Iris Tan •
Simon S. C. Tay • Konrad von Moltke •
Lyuba Zarsky
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