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.
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SOL PICCIOTTO has taught law at the Universities of Dar es Salaam (1964-68) and Warwick (1968-1992), and has been a visiting scholar at Nagoya University in Japan (1986) and the European University Institute in Florence (1991-2); he has been Professor of Law at Lancaster University since 1992. He was a founding editor of Capital & Class and Social & Legal Studies, and worked with the Coventry Workshop and TIE (Transnationals Information Exchange) giving research and advice on international business to community and trade union organizations. He specializes in international economic and business law and regulation, and his books include International Business Taxation (1992), Corporate Control and Accountability (co-edited, 1993), and International Regulatory Competition and Co-ordination (co-edited, 1996). RUTH MAYNE is a policy advisor at Oxfam GB (1993- present). Her work involves research and advocacy on international trade, investment and employment issues, directed towards the UK government, EU, OECD and WTO. She has previously worked as a country representative in Colombia for CUSO (Canadian University Service Overseas) (1989-1993), as a socio-economist for ITDG (Intermediate Technology Group) (1987-99) , and as a programme assistant at War on Want (1984-87). She has researched and written on a range of development issues including co-editing two periodicals on human rights and trade issues.
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