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Investment and Competition Policy in the WTO: Issues for Developing Countries
Author(s) -
Morrissey Oliver
Publication year - 2002
Publication title -
development policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.671
H-Index - 61
eISSN - 1467-7679
pISSN - 0950-6764
DOI - 10.1111/1467-7679.00157
Subject(s) - liberalization , developing country , competition (biology) , investment (military) , international economics , competition policy , international trade , economics , business , economic growth , market economy , political science , politics , european union , ecology , law , biology
This article uses the case of trade‐related investment measures (TRIMs) to examine the liberalisation of investment and its potential impact on developing countries. Very few developing countries actually use TRIMs to any appreciable degree, but, when taken in conjunction with the broader liberalisation of investment, the 1994 TRIMs Agreement has significant implications that will constrain governments’ policy options and require issues of competition policy to be addressed. Multilateral competition policy would be difficult to agree and implement and the article considers alternative strategies that developing countries could adopt.