Manger, Mark S. (2008) International investment agreements and services markets: locking in market failure? World Development, 36 (11). pp. 2456-2469. ISSN 0305-750X
Full text not available from this repository.Abstract
Bilateral investment treaties (BITs) and investment chapters in preferential trade agreements have become popular measures to guarantee investor-friendly policies.While they reassure multinational firms, they also constrain host country authorities in regulating markets to stimulate competition. These problems are widespread in service industries characterized by significant economies of scale. This paper presents case studies of the difficulties the Chilean regulatory authorities faced in regulating the financial services, telecom, and energy industries. It concludes that able regulators are necessary,but that international agreements need to also leave enough policy space.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.elsevier.com/locate/worlddev |
| Additional Information: | © 2008 Elsevier |
| Divisions: | International Relations |
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HB Economic Theory |
| JEL classification: | K - Law and Economics > K2 - Regulation and Business Law |
| Date Deposited: | 28 Sep 2009 15:55 |
| Last Modified: | 12 Apr 2024 05:27 |
| URI: | http://eprints.lse.ac.uk/id/eprint/25291 |
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