International investment for sustainable development: balancing rights and rewards

Lyuba Zarsky9781844070381, 1-84407-038-7, 1844070395

International Investment for Sustainable Development critically examines the interface between sustainability, development, and the governance of international investment. It challenges the conventional view that foreign direct investment is a ‘miracle drug’ for developing countries, and exposes serious shortcomings in the current international investment regime. Composed of norms, agreements, treaties and regulations, the emerging investment regime expands the rights of transnational corporations (TNCs) without commensurate rewards for the common good.