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dc.creatorElkins, Zachary
dc.creatorGuzman, Andrew
dc.creatorSimmons, Beth A.
dc.date.accessioned2012-05-18T18:49:25Z
dc.date.available2012-05-18T18:49:25Z
dc.date.created2006-10
dc.date.issued2012-05-18
dc.identifierDOI - 10.10170S0020818306060279
dc.identifier.citationElkins, Zachary, Andrew Guzman, and Beth A. Simmons. "Competing for Capital: The Diffusion of Bilateral Investment Treaties, 1959-2000" International Organization, Volume 60, Number 4, Fall (October 2006), pp. 811-846en_US
dc.identifier.urihttp://hdl.handle.net/2152/15659
dc.description.abstractOver the past forty-five years, bilateral investment treaties (BITs) have become the most important international legal mechanism for the encouragement and governance of foreign direct investment. The proliferation of BITs during the past two decades in particular has been phenomenal. These intergovernmental treaties typically grant extensive rights to foreign investors, including protection of contractual rights and the right to international arbitration in the event of an investment dispute. How can we explain the widespread adoption of BITs? We argue that the spread of BITs is driven by international competition among potential host countries—typically developing countries—for foreign direct investment. We propose a set of hypotheses that derive from such an explanation and develop a set of empirical tests that rely on network measures of economic competition as well as more indirect evidence of competitive pressures on the host to sign BITs. The evidence suggests that potential hosts are more likely to sign BITs when their competitors have done so. We find some evidence that coercion and learning play a role, but less support for cultural explanations based on emulation. Our main finding is that the diffusion of BITs is associated with competitive economic pressures among developing countries to capture a share of foreign investment. We are agnostic at this point about the benefits of this competition for development.en_US
dc.language.isoengen_US
dc.publisherInternational Organizationen_US
dc.publisherInternational Organization Foundationen_US
dc.subjectbilateral investment treatiesen_US
dc.subjectpolitical economyen_US
dc.subjectinternational political economyen_US
dc.subjectforeign direct investmenten_US
dc.subjectFDIen_US
dc.subjectBITen_US
dc.subjecteconomic developmenten_US
dc.titleCompeting for Capital: The Diffusion of Bilateral Investment Treaties, 1959-2000en_US
dc.typeArticleen_US
dc.description.departmentGovernmenten_US
dc.identifier.doi10.10170S0020818306060279en_US


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