International investment agreements and sustainable development : Achieving the millenium development goals

Traditionally, IIAs were seen and sold as a development tool; developing countries that sign IIAs with capital exporting countries were expected to see significant inflows of investments due to the protections for foreign investors that the agreements provide.4 Regardless of the merit of such claims (examined in detail below), they miss the wider question: do IIAs actually contribute to the host c [...] Proportion of total developed country imports (by value IIAs and the MDGs 5 Target 14: Address the special needs of landlocked and excluding arms) from developing countries and LDCs, Countries and small island developing States (through admitted free of duties the Programme of Action for the Sustainable Development of Small Island Developing States and the outcome of the twenty-second special sess [...] IIAs and the MDGs 9 This leads to another thread common to many of the studies: the importance of domestic institutions. [...] On the other hand, he finds a number of ways in which it might in fact contribute to or exacerbate poverty, particularly by exposing the poor to the detrimental effects of financial crises (primarily in terms of reduced government spending and as a result of inappropriately tight fiscal policy). [...] The OECD Code of Liberalization for Capital Movements allows for certain types of restrictions where the economic and financial state of the host country so dictate, and for controls to stem balance of payments problems.