Italia Multinazionale 2012. Le partecipazioni italiane all'estero ed estere in Italia

(1)

(2)

Inward and Outward

FDI Country Profiles

Edited by

Karl P. Sauvant

Thomas Jost

Ken Davies

Ana-María Poveda Garcés

January 2011

ISSN 2159-2268

(3)

i

The Vale Columbia Center on Sustainable International Investment (VCC) seeks to be a leader on issues related to foreign direct investment (FDI) in the global economy, paying special attention to the sustainability dimension of this investment. It focuses on the analysis and teaching of the implications of FDI for public policy and international investment law. Its objectives are to analyze important topical policy-oriented issues related to FDI, develop and disseminate practical approaches and solutions, and provide students with a challenging learning environment. For more information, please see http://www.vcc.columbia.edu.

The views expressed by the individual authors of the chapters in this eBook do not necessarily reflect the opinions of Columbia University or its partners and supporters. The Columbia FDI Profiles in which these originally appeared is a peer-reviewed series.

The material in this eBook may be reprinted if accompanied by the following acknowledgment:

Karl P. Sauvant, Thomas Jost, Ken Davies, and Ana-María Poveda Garcés, eds., Inward

and Outward FDI Country Profiles (New York: Vale Columbia Center on Sustainable International Investment, 2011). Reprinted with permission from the Vale Columbia Center on Sustainable International Investment (www.vcc.columbia.edu).

(4)

ii

We would like to thank the authors, Ram C. Acharya, José Eduardo Alatorre, Christian Bellak, Gabriel R.G. Benito, Octavio de Barros, Filip de Beule, Subrata Bhattacharjee, Louis Brennan, Benjamin Chavez, Jaime Dupui, Carolina Fernandez, Philippe Gugler, Khalil Hamdani, Ralph Hirdina, Kalman Kalotay, Oleksiy Kononov, Alexey V. Kuznetsov, Marco Mutinelli, Ray Mataloni, Susanne Mayer, Cecilia Nahon, Beatriz Nofal, Andrei Panibratov, Miguel Posada, Lucia Piscitello, Pramila Raghavendran, Someshwar Rao, Carlos Razo, Magdolna Sass, Premila Nazareth Satyanand, Xavier Tinguely, Daniel Van Den Bulcke, Rakhi Verma, Leila Wright, and Zbigniew Zimny for their inspiring contributions.

We would also like to thank the staff of the Center for their work in formatting and publishing the reports in their original format on the website and for this ebook, especially Zehra Kavame, Delphine Papaud and Debbie Stillings.

Karl P. Sauvant Thomas Jost Ken Davies

(8)

vi

List of Peer Reviewers

Columbia FDI Profiles is a peer-reviewed series. We would like to acknowledge our deep appreciation for the contributions of all the peer-reviewers, most of whom work in the field of international investment as academics or practitioners. Their insightful comments have strengthened the Profiles series and this volume. We thank: Tamar Almor Alexandra Angress Alicia Caballero Mario Castillo Camilo Castrillon Sergey V. Chebanov Victor Z. Chen Brian L. Crowley Julia Cunico Ludo Cuyvers Nandita Dasgupta René Dell‘mour Jay Dixon Peter Egger Sergey Filippov Diego Finchelstein Joanne Fleming Afonso Fleury Steve Globerman Vishwas Govitrikar Seamus Grimes Ulrich Grosch Leo A. Grünfeld José Guimón Yuliya Guseva Javier Illescas Jerry Haar Stefanie Haller Michael Hanni Walid Hejazi Carlos Herrera Gábor Hunya Badar Alam Iqbal Kalman Kalotay Boris A. Kheyfets Faizullah Khilji Jörn Kleinert Kris Knutsen, Alexey V. Kuznetsov Welby Leaman Alexander Lipponer Robert Lipsey Sarianna M. Lundan Sergio Mariotti Gianluca Mele Stefano Menghinello Stefan Messmann Mike Moen Theodore Moran Marcílio Moreira Michael Mortimore Nicole Moussa Peter Nunnenkamp Andrei Panibratov Torben Pedersen Jaya Prakash Pradhan

Carlos Razo Miguel Ramírez Ruth Respaldiza Mauricio Rincon Eric Rugraff Annette Ryan Grazia Santangelo Magdolna Sass Premila Nazareth Satyanand Alexander M. Settles Susanne Sieber Robert Stehrer Beatrix Stejskal-Passler Marcia Tavares Edward Turner Juha Väätänen Peeter Vahtra Ilke Van Beveren

Daniel Van Den Bulcke Julia Wörz

Guoming Xian Benny Yan Stephen Young Zbigniew Zimny

(9)

Ram Acharya

Research and Policy Analysis Branch at Industry Canada, where he has conducted research on international trade, economic integration, innovation, returns to R&D, international technology diffusion, product marke competition, and impact of trade and technology on relative factor earnings. Before joining Industry Canada in 2000, he was an economist at the Department of Foreign Affairs and International Trade, where he conducted research on Canada U.S. regional mar

PhD in economics from the University of Ottawa. His papers have appeared in referred journals and research volumes. He can be contacted at ram.acharya@ic.gc.ca.

José Eduardo Alatorre

Direct Investment Unit of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) He can be contacted at

Economist of Banco Bradesco.

Brasil Pos-crise: agenda para a proxima decada

He can be contacted at 4968.octavio@bradesco.com.br.

vii

Authors

Ram Acharya is a research coordinator with the Economic

Research and Policy Analysis Branch at Industry Canada, where he has conducted research on international trade, economic integration, innovation, returns to R&D, international technology diffusion, product marke competition, and impact of trade and technology on relative factor earnings. Before joining Industry Canada in 2000, he was an economist at the Department of Foreign Affairs and International Trade, where he conducted research on Canada U.S. regional market integration. Mr. Acharya received his PhD in economics from the University of Ottawa. His papers have appeared in referred journals and research volumes. He can be contacted at

José Eduardo Alatorre is an economist at the Foreign

Direct Investment Unit of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) He can be contacted at joseeduardo.alatorre@cepal.org.

Octavio de Barros holds a PhD from the University

Paris, Nanterre. He has been an advisor to the Brazilian Finance Ministry, a guest economist of the Brazilian Central Bank, a consultant to the BNDES, a visiting fellow at the Organisation of Economic Co-operation and Development (OECD), and Economics Director of the Brazilian Bankers Association. He is a member of the Higher Economic Council of the Industry Federation of Sao Paulo and Chairperson of the Economic Committee of the American Chamber of Commerce there. Mr. de Barros is currently Macroeconomic Research Director and Chief Banco Bradesco. He has published two books: Brasil Globalizado

crise: agenda para a proxima decada, co-authored with Fabio 4968.octavio@bradesco.com.br.

is a research coordinator with the Economic Research and Policy Analysis Branch at Industry Canada, where he has conducted research on international trade, economic integration, innovation, returns to R&D, international technology diffusion, product market competition, and impact of trade and technology on relative factor earnings. Before joining Industry Canada in 2000, he was an economist at the Department of Foreign Affairs and International Trade, where he conducted research on

Canada-Acharya received his PhD in economics from the University of Ottawa. His papers have appeared in referred journals and research volumes. He can be contacted at

is an economist at the Foreign Direct Investment Unit of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

joseeduardo.alatorre@cepal.org.

University of Paris, Nanterre. He has been an advisor to the Brazilian a guest economist of the Brazilian Central Bank, a consultant to the BNDES, a visiting fellow operation and Director of the Brazilian Bankers Association. He is a member of the of the Industry Federation of Economic Committee of . Mr. de Barros Director and Chief

Brasil Globalizado and authored with Fabio Giambiagi.

(10)

Christian Bellak

of Economics and Business, Vienna. His research interests include international factor flows and economic policy. He is the author of several articles published in international scientific

everal book chapters. He can be contacted at bellak@wu.ac.at.

Gabriel R.G. Benito

International Strategy at BI Norwegian School of Management, Oslo, Norway. His research agenda currently focuses on strategies and structures of multinational enterprises. His recent books include

B. Petersen, 2007, Edward Elgar) and

Periphery

appeared in many books and journals, including

International Business Studies

Journal of Economic Geography

Managerial and Decision Economics

International Review, Journal of Business Research

Mr. Benito has a PhD from the Norwegian School of Econo Administration. He can be contacted at

Filip de Beule

the Lessius University College, Antwerp, Belgium. He holds a BA and MA in Economics (UFSIA) and a MBA from the Antwerp Management School. He

University of Antwerp on Belgian sub People’s Republic of China: s

impact and policy. Mr. De Beule has been Visiting Professor at the University of Antwerp and the Catholic University of Leuven, where he currently teaches courses on th

and economic development of China. He is the national representative for Belgium on the board of the European International Business Academy. He is an affiliate researcher at the LICOS Centre for Institutions and Economic Performance of the Cat

focuses his research on the strategies and impact of multinational emerging economies. He can be contacted at fillip.debeule@lessius.eu.

viii

Christian Bellak is Associate Professor of Economics, University

of Economics and Business, Vienna. His research interests include international factor flows and economic policy. He is the author of several articles published in international scientific journals and of everal book chapters. He can be contacted at bellak@wu.ac.at.

Gabriel R.G. Benito is Professor and Director of Center for

International Strategy at BI Norwegian School of Management, Oslo, Norway. His research agenda currently focuses on strategies and structures of multinational enterprises. His recent books include Foreign Operation Methods (with L.S. Welch and B. Petersen, 2007, Edward Elgar) and Multinationals on the

Periphery (with R. Narula, 2007, Palgrave). His research has appeared in many books and journals, including the

International Business Studies, Journal of Management Studies

Journal of Economic Geography, Applied Economics

Managerial and Decision Economics,

Journal of Business Research, and International Business Review Mr. Benito has a PhD from the Norwegian School of Economics and Business Administration. He can be contacted at gabriel.r.g.benito@bi.no.

Filip de Beule is Assistant Professor of International Business at

the Lessius University College, Antwerp, Belgium. He holds a BA and MA in Economics (UFSIA) and a MBA from the Antwerp Management School. He received his PhD from the University of Antwerp on Belgian subsidiary management in t People’s Republic of China: strategic evolution, host country impact and policy. Mr. De Beule has been Visiting Professor at the University of Antwerp and the Catholic University of Leuven, where he currently teaches courses on th

and economic development of China. He is the national representative for Belgium on the board of the European International Business Academy. He is an affiliate researcher at the LICOS Centre for Institutions and Economic Performance of the Catholic University of Leuven, where he focuses his research on the strategies and impact of multinational enterprises emerging economies. He can be contacted at fillip.debeule@lessius.eu.

is Associate Professor of Economics, University of Economics and Business, Vienna. His research interests include international factor flows and economic policy. He is the author of urnals and of everal book chapters. He can be contacted at bellak@wu.ac.at.

is Professor and Director of Center for International Strategy at BI Norwegian School of Management, Oslo, Norway. His research agenda currently focuses on strategies and structures of multinational enterprises. His recent (with L.S. Welch and

Multinationals on the

(with R. Narula, 2007, Palgrave). His research has the Journal of

nagement Studies,

Applied Economics,

Management International Business Review. mics and Business

is Assistant Professor of International Business at the Lessius University College, Antwerp, Belgium. He holds a BA and MA in Economics (UFSIA) and a MBA from the his PhD from the sidiary management in the trategic evolution, host country impact and policy. Mr. De Beule has been Visiting Professor at the University of Antwerp and the Catholic University of Leuven, where he currently teaches courses on the economics and economic development of China. He is the national representative for Belgium on the board of the European International Business Academy. He is an affiliate researcher at the LICOS Centre for holic University of Leuven, where he enterprises from

(11)

Subrata Bhattacharjee

National

Toronto office.

investors on Canadian foreign investment issues under the

Investment Canada Act

advised foreign buyers on some of

foreign takeovers in recent years. Mr. Bhattacharjee has repeatedly been recognized as one of Canada’s leading lawyers in his areas of expertise

Global:

Law Company's

Leniency Handbooks, Who's Who Legal’s

Lawyers and Economists and other major peer sbhattach@heenan.ca.

Loui

Business at Trinity College Dublin and a Research Associate of the Institute for International Integration Studies at Trinity College. He is the proposer and Chair of COST Action IS0905 on the emergence of

on Europe. He is also the editor of the 2010 Palgrave MacMillan volume on the emergence of Southern multinationals. He can be contacted at brennaml@tcd.ie.

Álvaro Calderón is an Economic Affairs Officers at t

of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC). He can be contacted at

Benjamin Chavez

Columbia University. He received a Bachelor Degree in Economics from the Universidad del Pacífico, Lima. Until August 2009, Mr. Chavez was the Head of the Trade in Services Division of the Ministry of Fore

trade in services negotiations of

those with United States, the European Union, Canada, Mexico, and Singapore. He has also led negotiations on services with the WTO and the Andean Co

Asociación Latinoamericana de Integración and professor on trade policy and negotiations of the Economics Department at the Universidad del Pacífico. He can be contacted at ebc2122@columbia.edu.

ix

Subrata Bhattacharjee is co-chair of Heenan Blaikie’s

National Trade & Competition Group and a partner in its Toronto office. Mr. Bhattacharjee advises non

investors on Canadian foreign investment issues under the

Investment Canada Act and other federal legislation. He has advised foreign buyers on some of the most high

foreign takeovers in recent years. Mr. Bhattacharjee has repeatedly been recognized as one of Canada’s leading lawyers in his areas of expertise, including the most recent

Global: The World’s Leading Lawyers for Business Law Company's Cross-Border Competition and Cross

Handbooks, Who's Who Legal’s International Who's Who of Competition and other major peer-rated surveys. He can be contacted at

Louis Brennan is Associate Professor in the School of

Business at Trinity College Dublin and a Research Associate of the Institute for International Integration Studies at Trinity College. He is the proposer and Chair of COST Action IS0905 on the emergence of Southern Multinationals and their impact on Europe. He is also the editor of the 2010 Palgrave MacMillan volume on the emergence of Southern

ultinationals. He can be contacted at brennaml@tcd.ie.

is an Economic Affairs Officers at the Foreign Direct Investment Unit of the United Nations Economic Commission for Latin America and the Caribbean

He can be contacted at alvaro.calderon@cepal.org

Benjamin Chavez is a Master in International Affairs Candidate at

Columbia University. He received a Bachelor Degree in Economics from the Universidad del Pacífico, Lima. Until August 2009, Mr. Chavez was the Head of the Trade in Services Division of the Ministry of Foreign Trade and Tourism of Peru. He led the trade in services negotiations of free trade Agreement

those with United States, the European Union, Canada, Mexico, and Singapore. He has also led negotiations on services with the WTO and the Andean Community. He has been consultant of the Asociación Latinoamericana de Integración and professor on trade policy and negotiations of the Economics Department at the Universidad del Pacífico. He can be contacted at ebc2122@columbia.edu.

chair of Heenan Blaikie’s Trade & Competition Group and a partner in its Mr. Bhattacharjee advises non-Canadian investors on Canadian foreign investment issues under the and other federal legislation. He has the most high-profile foreign takeovers in recent years. Mr. Bhattacharjee has repeatedly been recognized as one of Canada’s leading lawyers the most recent Chambers

The World’s Leading Lawyers for Business, Practical

Cross-Border International Who's Who of Competition

rated surveys. He can be contacted at

is Associate Professor in the School of Business at Trinity College Dublin and a Research Associate of the Institute for International Integration Studies at Trinity College. He is the proposer and Chair of COST Action IS0905 Southern Multinationals and their impact on Europe. He is also the editor of the 2010 Palgrave MacMillan volume on the emergence of Southern

ultinationals. He can be contacted at brennaml@tcd.ie.

he Foreign Direct Investment Unit of the United Nations Economic Commission for Latin America and the Caribbean

is a Master in International Affairs Candidate at Columbia University. He received a Bachelor Degree in Economics from the Universidad del Pacífico, Lima. Until August 2009, Mr. Chavez was the Head of the Trade in Services Division ign Trade and Tourism of Peru. He led the free trade Agreement, including those with United States, the European Union, Canada, Mexico, and Singapore. He has also led negotiations on services with the mmunity. He has been consultant of the Asociación Latinoamericana de Integración and professor on trade policy and negotiations of the Economics Department at the

(12)

Ken Davies

Center for Sustainable International Investment.

has a BA in Chinese Studies and Sociology from the University of Leeds and a BSc in Economics from the University of London. He

Investment Division of the Organisation for Economic Co operation and Development (OECD), where he produced investment policy reviews of China, India and Russia. Before that he was Chief Economist for Asia at the Economist Intelligence Unit (EIU)

kenneth.davies@law.columbia.edu

Jaime Dupuy

Católica del Perú. He has been working on foreign trade and international trade negotiations since 2004. He is currently legal

and represents the Ministry in negotiations on investment

and

Dupuy has made congres

He is Professor of Corporate Law in the Faculty of Law of the Pontificia Universidad Católica del Peru. Mr. Dupuy has published several articles about corporate a

magazines. He can be contacted at jdupuy@mincetur.gob.pe.

Institution in Washington DC. She was also a Junior Scholar at the Woodrow Wilson International Center for Scholars. She can be contacted at caro.fernandez@gmail.com.

x

Ken Davies is a Senior Staff Associate at the Vale

Center for Sustainable International Investment.

has a BA in Chinese Studies and Sociology from the University of Leeds and a BSc in Economics from the University of London. He was Head of Global Relation

Investment Division of the Organisation for Economic Co operation and Development (OECD), where he produced investment policy reviews of China, India and Russia. Before that he was Chief Economist for Asia at the Economist Intelligence Unit (EIU) in Hong Kong. He can be contacted at kenneth.davies@law.columbia.edu.

Jaime Dupuy is a lawyer from the Pontificia Universidad

Católica del Perú. He has been working on foreign trade and international trade negotiations since 2004. He is currently legal adviser to Peru´s Ministry of Foreign Trade

and represents the Ministry in negotiations on nvestment agreements, such as bilateral investment and chapters on investment in free trade agreements. Dupuy has made pesentations in several seminars and congresses about the TPA Peru-USA and investment issues. He is Professor of Corporate Law in the Faculty of Law of the Pontificia Universidad Católica del Peru. Mr. Dupuy has published several articles about corporate and investment law in Peruvian legal magazines. He can be contacted at jdupuy@mincetur.gob.pe.

Carolina Fernandez holds a Bachelor in

Economics from Torcuato Di Tella University, and a Masters in Public Policy from the University of Maryland. She was a Fulbright Scholar between 2005 and 2008. Ms. Fernandez currently heads the Direction for Investment Intelligence at Undersecretariat for Investment Development within Argentina’s Ministry of Foreign Relations, International Trade and Worship. She previously worked as a speechwriter for James D. Wolfensohn and as a researcher at the Brookings n DC. She was also a Junior Scholar at the Woodrow Wilson International Center for Scholars. She can be contacted at caro.fernandez@gmail.com.

ior Staff Associate at the Vale Columbia Center for Sustainable International Investment. Mr. Davies has a BA in Chinese Studies and Sociology from the University of Leeds and a BSc in Economics from the Head of Global Relations in the Investment Division of the Organisation for Economic Co-operation and Development (OECD), where he produced investment policy reviews of China, India and Russia. Before that he was Chief Economist for Asia at the Economist in Hong Kong. He can be contacted at

is a lawyer from the Pontificia Universidad Católica del Perú. He has been working on foreign trade and international trade negotiations since 2004. He is currently adviser to Peru´s Ministry of Foreign Trade and Tourism and represents the Ministry in negotiations on international nvestment treaties agreements. Mr. pesentations in several seminars and nvestment issues. He is Professor of Corporate Law in the Faculty of Law of the Pontificia Universidad Católica del Peru. Mr. Dupuy has nd investment law in Peruvian legal

holds a Bachelor in Economics from Torcuato Di Tella University, and a Masters in Public Policy from the University of Maryland. She was a Fulbright Scholar between Fernandez currently heads the Direction for Investment Intelligence at the Undersecretariat for Investment Development within Argentina’s Ministry of Foreign Relations, International Trade and Worship. She previously worked as a speechwriter for James D. Wolfensohn and as a researcher at the Brookings n DC. She was also a Junior Scholar at the Woodrow Wilson International Center for Scholars. She can be contacted at caro.fernandez@gmail.com.

(13)

Philippe Gugler

the Faculty of Economics and Social Sciences and is the Director of The Center for Competitiveness, University of Fribourg, Switzerland. Mr. Gugler is an affiliate MOC faculty member of the Institute for St

School, USA, a guest Professor at the National Institute for Development Agency (Thailand) and at the University of Torino (Italy). He is member of the Board of the European International Business Academy

academic and economic associations in Switzerland and abroad. Gugler has published mainly in the fields of trade and competition, trade and investment, competition policy, multinational enterprises

He can be contacted at philippe.gugler@unifr.ch.

Khalil Hamdani

Development Economics, Islamabad, and adviser to several multilateral organizations. He joined the UN Centre on Transnational C

Investment Division in 2006

investment policy reviews, which was declared a “valuable mechanism” by the G

advised and trained investment off

reports. He is a graduate of Johns Hopkins and Georgetown Universities, and holds a doctorate in economics. He can be contacted at

Ralph Hirdina

and Law at the University of Applied Sciences Aschaffenburg, Germany, which he joined in 2000. From 1996 to 1997 worked as a lawyer specialized in business law. From 1997 to 2000

the

employment law and international law. He can be contacted at Ralph.hirdina@h

xi

Philippe Gugler holds the Chair of Economics and Social Policy at

the Faculty of Economics and Social Sciences and is the Director of The Center for Competitiveness, University of Fribourg, Switzerland. Mr. Gugler is an affiliate MOC faculty member of the Institute for Strategy and Competitiveness of the Harvard Business School, USA, a guest Professor at the National Institute for Development Agency (Thailand) and at the University of Torino (Italy). He is member of the Board of the European International Business Academy as well as member of the board of several academic and economic associations in Switzerland and abroad. Gugler has published mainly in the fields of trade and competition, trade and investment, competition policy, multinational enterprises, and competi

philippe.gugler@unifr.ch.

Khalil Hamdani is Visiting Professor at the Pakistan Institute of

Development Economics, Islamabad, and adviser to several multilateral organizations. He joined the UN Centre on Transnational Corporations in 1988 and was Director of the Investment Division in 2006-2007. He created the program on investment policy reviews, which was declared a “valuable mechanism” by the G-8 Heads of State Summit in 2007. He has advised and trained investment officials, and prepared many UN reports. He is a graduate of Johns Hopkins and Georgetown Universities, and holds a doctorate in economics. He can be contacted at khalilhamdani@jhu.edu.

Ralph Hirdina is a law professor at the Faculty of Economics

and Law at the University of Applied Sciences Aschaffenburg, Germany, which he joined in 2000. From 1996 to 1997 worked as a lawyer specialized in business law. From 1997 to 2000, he served as a head of unit in the Legal Department of the Deutsche Bundesbank. His research focuses on employment law and international law. He can be contacted at Ralph.hirdina@h-ab.de.

holds the Chair of Economics and Social Policy at the Faculty of Economics and Social Sciences and is the Director of The Center for Competitiveness, University of Fribourg, Switzerland. Mr. Gugler is an affiliate MOC faculty member of the rategy and Competitiveness of the Harvard Business School, USA, a guest Professor at the National Institute for Development Agency (Thailand) and at the University of Torino (Italy). He is member of the Board of the European International as well as member of the board of several academic and economic associations in Switzerland and abroad. Mr. Gugler has published mainly in the fields of trade and competition, and competitiveness.

is Visiting Professor at the Pakistan Institute of Development Economics, Islamabad, and adviser to several multilateral organizations. He joined the UN Centre on orporations in 1988 and was Director of the 2007. He created the program on investment policy reviews, which was declared a “valuable 8 Heads of State Summit in 2007. He has icials, and prepared many UN reports. He is a graduate of Johns Hopkins and Georgetown Universities, and holds a doctorate in economics. He can be

rofessor at the Faculty of Economics and Law at the University of Applied Sciences Aschaffenburg, Germany, which he joined in 2000. From 1996 to 1997, he worked as a lawyer specialized in business law. From 1997 to Legal Department of Deutsche Bundesbank. His research focuses on employment law and international law. He can be contacted at

(14)

Thomas Jost

Economics and Law at the University of Applied Sciences in Aschaffenburg, Germany, which he joined in 2000. From 1989 to 2000 he served as a head of unit in the International Economics Department of

member of the Economics Research Group of Deutsche Bundesbank and of the Short Term Economic Prospects Group of OECD. From 2004 until 2010

the Division on Investment, Technology and Enterprise Developmen

integration and foreign direct investment. He can be contacted at thomas.jost@h-ab.de.

Kalman Kalotay

on Investment and Enterprise of UNCTAD. He is currently part of the team preparing the

Between October 1996 and September 2009, he was part of UNCTAD’s

associate (1996 UNCTAD’s

he worked on issues related to economic cooperation among developing countries at the UNCTAD secretariat (1990 1996). Before joi

international economics at the Corvinus University, Budapest, Hungary (1983–1990), from which he holds a PhD in International Economics. His work focuses mainly on the analysis of foreign direct investment in various regi

countries, especially in economies in transition. He can be contacted at kalotayk@gmail.com.

xii

Thomas Jost is a professor of economics at the Faculty of

Economics and Law at the University of Applied Sciences in Aschaffenburg, Germany, which he joined in 2000. From 1989 to 2000 he served as a head of unit in the International Economics Department of the Deutsche Bundesbank. He was member of the Economics Research Group of Deutsche Bundesbank and of the Short Term Economic Prospects Group of OECD. From 2004 until 2010, he worked as a consultant for the Division on Investment, Technology and Enterprise Development of UNCTAD. His research focuses on European integration and foreign direct investment. He can be contacted

Kalman Kalotay is Economic Affairs Officer at the Division

on Investment and Enterprise of UNCTAD. He is currently part of the team preparing the Investment Policy Reviews Between October 1996 and September 2009, he was part of UNCTAD’s World Investment Report team. He also served as associate (1996–2003) and deputy editor (2003

UNCTAD’s Transnational Corporations journal. Previously, he worked on issues related to economic cooperation among developing countries at the UNCTAD secretariat (1990 1996). Before joining the United Nations, he taught international economics at the Corvinus University, Budapest, 1990), from which he holds a PhD in International Economics. His work focuses mainly on the analysis of foreign direct investment in various regi

countries, especially in economies in transition. He can be contacted at

Oleksiy Kononov is a former legal practitioner in Ukraine.

He studied Education at the Economics & Law Faculty at Donetsk National University in Donetsk,

obtained his LL.M. from the Central European University in Budapest. Mr. Kononov’s areas of professional and academic interests include legal aspects of FDI, FDI and public policy, economic transition and legal reforms, investment dispute resolution, comparative company law, comparative contract law, and business law. He can be contacted at kononov.oleksiy@gmail.com.

is a professor of economics at the Faculty of Economics and Law at the University of Applied Sciences in Aschaffenburg, Germany, which he joined in 2000. From 1989 to 2000 he served as a head of unit in the International he Bundesbank. He was member of the Economics Research Group of Deutsche Bundesbank and of the Short Term Economic Prospects Group he worked as a consultant for the Division on Investment, Technology and Enterprise t of UNCTAD. His research focuses on European integration and foreign direct investment. He can be contacted

is Economic Affairs Officer at the Division on Investment and Enterprise of UNCTAD. He is currently

Investment Policy Reviews. Between October 1996 and September 2009, he was part of also served as 2003) and deputy editor (2003–2004) of journal. Previously, he worked on issues related to economic cooperation among developing countries at the UNCTAD secretariat (1990–

ning the United Nations, he taught international economics at the Corvinus University, Budapest, 1990), from which he holds a PhD in International Economics. His work focuses mainly on the analysis of foreign direct investment in various regions and countries, especially in economies in transition. He can be contacted at

is a former legal practitioner in Ukraine. He studied Education at the Economics & Law Faculty at Ukraine and Central European University reas of professional and academic interests include legal aspects of FDI, FDI and public policy, economic transition and legal reforms, olution, comparative company law, comparative contract law, and business law. He can be

(15)

Alexey V. Kuznetsov

University in 2001. In 2003 he became a PhD in economics (kandidat nauk) at the Institute of World Economy and International Relations (IMEMO) of the Russian Academy of Sciences and joined the staff there. In 2008

youngest Russian professor (doktor nauk) in the field of world economy. Mr. Kuznetsov has been the head of the Section for EU studies since 2006 and the head of the Center for European studies at the IMEMO

the Acad

Dissertation Council in the field of world economy by IMEMO. Kuznetsov is also a professor at

several books and many articles. He has taken part in various Russian Fe international scientific projects. He can be contacted at

xiii

Alexey V. Kuznetsov graduated from Moscow State

University in 2001. In 2003 he became a PhD in economics (kandidat nauk) at the Institute of World Economy and International Relations (IMEMO) of the Russian Academy of Sciences and joined the staff there. In 2008, he became th youngest Russian professor (doktor nauk) in the field of world economy. Mr. Kuznetsov has been the head of the Section for EU studies since 2006 and the head of the Center for European studies at the IMEMO-Institute since 2009. He is a member of the Academic Council of IMEMO and a member of the Dissertation Council in the field of world economy by IMEMO. Kuznetsov is also a professor at MGIMO-University in Moscow. He is the author of several books and many articles. He has taken part in various Russian Fe

international scientific projects. He can be contacted at kuznetsov@imemo.ru

Luís Afonso Fernandes Lima has been the president of

SOBEET, the Brazilian Society for the Study of Transnational Companies, a Brazilian think tank dedicated to the study of multinational enterprises since 2007. He has also been Chief Economist of Telefonica Group in Brazil since 2005. He graduated from Unicamp (Universidade Estadual de Campinas), with a Masters degree from the Getúlio Vargas Foundation. He was formerly senior economist at Banco Bilbao Vizcaya Argentaria, Bradesco and CESP – Companhia Energética de São Paulo. He can be contacted at luis.lima@telefonica.com.br.

Raymond Mataloni Jr. is a senior economist in the

research branch of the Balance of Payments Division of the U.S. Bureau of Economic Analysis. He is also an adjunct professor of economics at the University of Mary Washington, and a longstanding member of the Academy of International Business. His doctorate in economics is from the American University. He can be contacted at raymond.mataloni@bea.gov.

graduated from Moscow State University in 2001. In 2003 he became a PhD in economics (kandidat nauk) at the Institute of World Economy and International Relations (IMEMO) of the Russian Academy of he became the youngest Russian professor (doktor nauk) in the field of world economy. Mr. Kuznetsov has been the head of the Section for EU studies since 2006 and the head of the Center for European Institute since 2009. He is a member of emic Council of IMEMO and a member of the Dissertation Council in the field of world economy by IMEMO.

He is the author of several books and many articles. He has taken part in various Russian Federation and

kuznetsov@imemo.ru.

the president of SOBEET, the Brazilian Society for the Study of Transnational Companies, a Brazilian think tank dedicated ince 2007. He has also been Chief Economist of Telefonica Group in Brazil since 2005. He graduated from Unicamp (Universidade Estadual de Campinas), with a Masters degree from the Getúlio Vargas Foundation. He was formerly senior Vizcaya Argentaria, Bradesco Companhia Energética de São Paulo. He can be

is a senior economist in the research branch of the Balance of Payments Division of conomic Analysis. He is also an adjunct professor of economics at the University of Mary Washington, and a longstanding member of the Academy of International Business. His doctorate in economics is from the American University. He can be contacted at

(16)

Susanne Mayer

Policy at the Vienna University of Economics and Business (WU). She is currently writing her PhD thesis on inequalities in health care utilization. She received h

Economics and Socioeconomics from WU for her thesis on market failure phenomena in support service provision for informal caregivers. During her studies, she spent an exchange term at McGill University in Montréal. She has held s positions as a research assistant, particularly at the Institute for Advanced Studies and the Institute for Industrial Research. She can be contacted at

Marco Mutinelli

Marketing at the University of Brescia.

mainly concerned with the economics and management of MNEs. His studies mainly focus

strategies of Italian firms, with a part

internationalization of Italian SMEs, spillovers and externalities stemming from FDI in services and manufacturing industries, and on the relationship between internationalization and skill upgrading. He can be contacted at marco.mut

lectured as a professor at the University of Buenos Aires, FLACSO and the National University of Quilmes. She is a founding member of the Center for Studies on Argentine Development (CENDA) and has published in various national and international academic journals. She can be contacted at cnahon@gmail.com.

xiv

Susanne Mayer is a research assistant at the Institute for Social

Policy at the Vienna University of Economics and Business (WU). She is currently writing her PhD thesis on inequalities in health care utilization. She received her Masters degrees in both Economics and Socioeconomics from WU for her thesis on market failure phenomena in support service provision for informal caregivers. During her studies, she spent an exchange term at McGill University in Montréal. She has held s positions as a research assistant, particularly at the Institute for Advanced Studies and the Institute for Industrial Research. She can be contacted at susanne.mayer@wu.ac.at.

Marco Mutinelli is Professor of Business Strategy and

Marketing at the University of Brescia. His research activity is mainly concerned with the economics and management of MNEs. His studies mainly focus on the internationaliz strategies of Italian firms, with a particular interest in the internationalization of Italian SMEs, spillovers and externalities stemming from FDI in services and manufacturing industries, and on the relationship between internationalization and skill upgrading. He can be contacted at marco.mutinelli@unibs.it.

Cecilia Nahón holds a Bachelor in Economics from the

University of Buenos Aires (UBA), a Masters of Science in Development Studies from the London School of Economics, and is a Ph.D. candidate at the Latin American School of Social Studies (FLACSO). Ms. Cecilia Nahón is currently the Undersecretary for Investment Development within Argentina’s Ministry of Foreign Affairs, International Trade and Worship. Ms. Nahón is an expert in macroeconomics and investment development having worked in these areas for the public, private and academic sectors. Ms. Cecilia Nahón has red as a professor at the University of Buenos Aires, FLACSO and the National University of Quilmes. She is a founding member of the Center for Studies on Argentine Development (CENDA) and has published in various national and international academic

ls. She can be contacted at cnahon@gmail.com.

is a research assistant at the Institute for Social Policy at the Vienna University of Economics and Business (WU). She is currently writing her PhD thesis on inequalities in er Masters degrees in both Economics and Socioeconomics from WU for her thesis on market failure phenomena in support service provision for informal caregivers. During her studies, she spent an exchange term at McGill University in Montréal. She has held several positions as a research assistant, particularly at the Institute for Advanced Studies and the Institute for Industrial Research. She

is Professor of Business Strategy and His research activity is mainly concerned with the economics and management of on the internationalization icular interest in the internationalization of Italian SMEs, spillovers and externalities stemming from FDI in services and manufacturing industries, and on the relationship between internationalization and skill

inelli@unibs.it.

holds a Bachelor in Economics from the Buenos Aires (UBA), a Masters of Science in Development Studies from the London School of Economics, and is a Ph.D. candidate at the Latin American School of Social Studies (FLACSO). Ms. Cecilia Nahón is currently the Undersecretary for ment within Argentina’s Ministry of Foreign Affairs, International Trade and Worship. Ms. Nahón is an expert in macroeconomics and investment development having worked in these areas for the public, private and academic sectors. Ms. Cecilia Nahón has red as a professor at the University of Buenos Aires, FLACSO and the National University of Quilmes. She is a founding member of the Center for Studies on Argentine Development (CENDA) and has published in various national and international academic

(17)

Beatriz

Investment Development Agency, with rank of Secretary of State. Under her leadership, the Agency ProsperAr was built. She was re-elected in 2010 as Director for South America in the Directive Committee of the W

Agencies. Ms Nofal has a PhD in Development Economics from Johns Hopkins University and post

Institute of Social Studies in The Hague and the École des Hautes Etudes en Sciences Sociales o

Ms. Nofal played a key role in developing Argentina

integration. She has also been a professor at MIT, Johns Hopkins University and the University of Toronto, and is a member of the Global Advisory Council of the Graduate Business School at the University of Chicago.

contacted at beatriznofal@gmail.com.

Andrei Panibratov

School of Management, Saint Petersburg State University, Russia. He has a

Moscow State University of Management and MBA from the University of Wales and has obtained a Candidate of Sciences in Economics degree (equivalent to PhD) from St. Petersburg State University. Mr. Panibratov has participated in consulting a

academic institutions, and European and Russian companies. His research interests and lecturing include western MNEs’ strategy for Russia,

marketing decisions when moving a multinationals. He can be contacted at

xv

Beatriz Nofal was, from 2006 to 2010, Head of Argentina’ s

Investment Development Agency, with rank of Secretary of State. Under her leadership, the Agency ProsperAr was built. She was

elected in 2010 as Director for South America in the Directive Committee of the World Association of Investment Promotion Agencies. Ms Nofal has a PhD in Development Economics from Johns Hopkins University and post-graduate diplomas from the Institute of Social Studies in The Hague and the École des Hautes Etudes en Sciences Sociales of the University of Paris. Ms. Nofal played a key role in developing Argentina

integration. She has also been a professor at MIT, Johns Hopkins University and the University of Toronto, and is a member of the Global Advisory

Business School at the University of Chicago. contacted at beatriznofal@gmail.com.

Andrei Panibratov is Associate Professor at the Graduate

School of Management, Saint Petersburg State University, Russia. He has a Doctorate of Sciences in Economics from Moscow State University of Management and MBA from the University of Wales and has obtained a Candidate of Sciences in Economics degree (equivalent to PhD) from St. Petersburg State University. Mr. Panibratov has participated in consulting and research projects for the World Bank, academic institutions, and European and Russian companies. His research interests and lecturing include western MNEs’ strategy for Russia, the internationalization of Russian firms, marketing decisions when moving abroad, outward FDI from Russia, and Russian

He can be contacted at panibratov@mail.ru or panibratov@gsom.pu.ru.

Lucia Piscitello is Professor of International Institutions

and Regulation at the Politecnico di Milano.

interests cover the economics and management of MNEs and the international aspects of technological change. Ms. Piscitello’s recent studies focus on the internationalization of R&D, spillovers and externalities stemming from FDI in infrastructure and service sectors, the relationship between internationalization and skill upgrading, the relationship between differentforms of internationalization, knowledge transfer and technological catching up through FDI. She can be contacted at lucia.piscitello@polimi.it.

was, from 2006 to 2010, Head of Argentina’ s Investment Development Agency, with rank of Secretary of State. Under her leadership, the Agency ProsperAr was built. She was

elected in 2010 as Director for South America in the Directive orld Association of Investment Promotion Agencies. Ms Nofal has a PhD in Development Economics from graduate diplomas from the Institute of Social Studies in The Hague and the École des f the University of Paris. Ms. Nofal played a key role in developing Argentina-Brazil integration. She has also been a professor at MIT, Johns Hopkins University and the University of Toronto, and is a member of the Global Advisory Business School at the University of Chicago. She can be

is Associate Professor at the Graduate School of Management, Saint Petersburg State University, Economics from Moscow State University of Management and MBA from the University of Wales and has obtained a Candidate of Sciences in Economics degree (equivalent to PhD) from St. Petersburg State University. Mr. Panibratov has participated in nd research projects for the World Bank, academic institutions, and European and Russian companies. His research interests and lecturing include western MNEs’ internationalization of Russian firms, broad, outward FDI from Russia, and Russian

or panibratov@gsom.pu.ru.

Professor of International Institutions and Regulation at the Politecnico di Milano. Her research ests cover the economics and management of MNEs and the international aspects of technological change. Ms. on the internationalization of R&D, spillovers and externalities stemming from FDI sectors, the relationship between internationalization and skill upgrading, the relationship between differentforms of internationalization, knowledge transfer and technological catching up through FDI. She can be contacted at lucia.piscitello@polimi.it.

(18)

Miguel Posada

transfer pricing matters for Ernst & Young multinational clients in a wide array of industries, including sciences, consumer products and technology. He previously worked with Colombia's

Proexport, as a senior market intelligence and Foreign Investment analyst.

and the Millennium Cities

sustainable foreign investment in

B.A. in Economics from Universidad de los Andes and a Master of International Affairs from Columbia University. He can be contacted at mposada2009@sipa.columbia.edu.

Pramila Raghavendran

than three decades. She is a postgraduate in Life Sciences. Ms. Raghavendran has handled regulatory and policy framework issues in a wide range of industries. She has worked on FDI policy, data maintenance and investment agreements of the Government of India

experts at UNCTAD in 2002 and 2006. She led the Indian team at negotiations on investment in the India

Economic Partnership Agreement (CEPA), and CEPAs with Sri Lanka and Japan. S

at someshwar6@gmail.com.

xvi

Miguel Posada is a New York based consultant working on

transfer pricing matters for Ernst & Young multinational clients in a wide array of industries, including sciences, consumer products and technology. He previously worked with Colombia's Investment Promotion Agency, Proexport, as a senior market intelligence and Foreign Investment analyst. Mr. Posada has also consulted for the EIU and the Millennium Cities Initiative and its initiatives to promote sustainable foreign investment in Kenya and Ghana.

B.A. in Economics from Universidad de los Andes and a Master of International Affairs from Columbia University. He can be contacted at mposada2009@sipa.columbia.edu.

Pramila Raghavendran has been in government service for more

n three decades. She is a postgraduate in Life Sciences. Ms. Raghavendran has handled regulatory and policy framework issues in a wide range of industries. She has worked on FDI policy, data maintenance and investment agreements of the Government of India. Ms. Raghavendran represented India in meetings of FDI experts at UNCTAD in 2002 and 2006. She led the Indian team at negotiations on investment in the India-Korea Comprehensive Economic Partnership Agreement (CEPA), and CEPAs with Sri Lanka and Japan. She can be contacted at pramila@nic.in

Someshwar Rao has a PhD in economics from Quern's

University in Canada. He worked in a senior capacity at the Econoc Council of Canada and Industry Canada, where he directed and coordinated policy research and analysis for over 30 years. Mr. Rao has published extensively on productivity, competitiveness, innovation, trade, FDI, policy modeling, North American economic integration, emerging economies and offshoring. He recently retired from the Canadian public servi

working as the Director, Economic Policy R

Industry Canada for over 14 years. He can be contacted is a New York based consultant working on transfer pricing matters for Ernst & Young, serving multinational clients in a wide array of industries, including life sciences, consumer products and technology. He previously Investment Promotion Agency, Proexport, as a senior market intelligence and Foreign Mr. Posada has also consulted for the EIU Initiative and its initiatives to promote nd Ghana. He holds a B.A. in Economics from Universidad de los Andes and a Master of International Affairs from Columbia University. He can be

overnment service for more n three decades. She is a postgraduate in Life Sciences. Ms. Raghavendran has handled regulatory and policy framework issues in a wide range of industries. She has worked on FDI policy, data maintenance and investment agreements of the Government

. Ms. Raghavendran represented India in meetings of FDI experts at UNCTAD in 2002 and 2006. She led the Indian team at Korea Comprehensive Economic Partnership Agreement (CEPA), and CEPAs with Sri

pramila@nic.in.

has a PhD in economics from Quern's niversity in Canada. He worked in a senior capacity at the Econoc Council of Canada and Industry Canada, policy research and lysis for over 30 years. Mr. Rao has published extensively on productivity, competitiveness, innovation, trade, FDI, policy modeling, North American economic integration, emerging economies and offshoring. He recently retired from the Canadian public service after Economic Policy Research at He can be contacted

(19)

Carlos Razo

areas of expertise are industrial organization and international economics. At the United Nations Economic Commission for Latin America and the Caribbean (UNECLAC), Mr. Razo was one of the main authors of the a

investment in the Latin American and Caribbean region and he coordinated various studies on industrial development. Before joining the United Nations he worked in London for one of the leading European consulting firms in the

policy. Mr. Razo started his professional career as an industrial engineer in the manufacturing sector.

carlos.razo@cepal.org.

College, New Delhi, and an M.A. in International Relations from Columbia University. She can be contacted at premila@foreigndirectinvestment.in.

xvii

Carlos Razo is an economist with the United Nations. His

areas of expertise are industrial organization and international economics. At the United Nations Economic Commission for Latin America and the Caribbean (UNECLAC), Mr. Razo was one of the main authors of the annual report on foreign direct investment in the Latin American and Caribbean region and he coordinated various studies on industrial development. Before joining the United Nations he worked in London for one of the leading European consulting firms in the area of competition policy. Mr. Razo started his professional career as an industrial engineer in the manufacturing sector. He can be contacted at

Magdolna Sass has been a senior research fellow at the Institute for Economics of the Hungarian Academy of Sciences since 1996. Her main research topics are foreign direct investment and foreign trade and related policies in the East-Central European countries, with special attention to developments in Hungary. Ms. Sass has participated in numerous international research projects in these fields. She can be contacted at sass.magdolna@chello.hu.

Premila Nazareth Satyanand started her career at the

UN Centre on Transnational Corporations, New York (1988-1993), and served with UN electoral missions in South Africa and the Western Sahara. She has helped facilitate the government-MNE dialogue around FDI liberalization and advised foreign investors on India strategy. She now writes independently on FDI issues, for the EIU, the UN and the Multilateral Insurance Guarantee Agency. Ms. Satyanand also

interest in grassroots development and transparency issues. She has a B.A. in History from St. Stephen's College, New Delhi, and an M.A. in International Relations from Columbia University. She can be contacted at premila@foreigndirectinvestment.in.

is an economist with the United Nations. His areas of expertise are industrial organization and international economics. At the United Nations Economic Commission for Latin America and the Caribbean (UNECLAC), Mr. Razo was nnual report on foreign direct investment in the Latin American and Caribbean region and he coordinated various studies on industrial development. Before joining the United Nations he worked in London for one of the area of competition policy. Mr. Razo started his professional career as an industrial He can be contacted at

has been a senior research fellow at the the Hungarian Academy of Sciences since 1996. Her main research topics are foreign direct investment and foreign trade and related policies in Central European countries, with special attention to developments in Hungary. Ms. Sass has d in numerous international research projects in these fields. She can be contacted at

started her career at the UN Centre on Transnational Corporations, New York served with UN electoral missions in South Africa and the Western Sahara. She has helped MNE dialogue around FDI ed foreign investors on India writes independently on FDI issues, for the EIU, the UN and the Multilateral Insurance has a keen interest in grassroots development and transparency A. in History from St. Stephen's College, New Delhi, and an M.A. in International Relations from Columbia University.

(20)

Xavier Tinguely

the Chair of E

Fribourg, Switzerland. He earned his master’s degree in economics in 2008 from the University of Fribourg. Mr. Tinguely has been working as a researcher and consultant at the Center for Competitiveness of the Unive

2008. He can be contacted at xavier.tinguely@unifr.ch

Daniël Van Den Bulcke

Management and Development of the University of Antwerp. He was Director of the Centre of International Manage

Development

Institute of Development Policy and Management from 1996 to 2000. He is Academic Director of the EuroChina Centre of the Antwerp Management School. Mr. Van Den Bulcke has lectured and serv

institutions in Belgium, Europe, Asia and Latin America. He is the author and co

direct investment issues and the activities of multinational enterprises in Europe and Asia, especially China. He has participated in research projects for numerous international organizations. He holds a BA and a PhD from Ghent University and an MA in international economics from the University of Toronto. He can be contacted at daniel.vandenbulcke@ua.ac.be.

xviii

Xavier Tinguely is Research Assistant and PhD Candidate at

the Chair of Economics and Social Policy, University of Fribourg, Switzerland. He earned his master’s degree in economics in 2008 from the University of Fribourg. Mr. Tinguely has been working as a researcher and consultant at the Center for Competitiveness of the University of Fribourg since 2008. He can be contacted at xavier.tinguely@unifr.ch

Daniël Van Den Bulcke is Emeritus Professor of International

Management and Development of the University of Antwerp. He was Director of the Centre of International Manage

Development-Antwerp from 1989 to 2006 and President of the Institute of Development Policy and Management from 1996 to 2000. He is Academic Director of the EuroChina Centre of the Antwerp Management School. Mr. Van Den Bulcke has lectured and served as Visiting Professor in numerous academic institutions in Belgium, Europe, Asia and Latin America. He is the author and co-author of many books and articles on foreign direct investment issues and the activities of multinational nd Asia, especially China. He has participated in research projects for numerous international organizations. He holds a BA and a PhD from Ghent University and an MA in international economics from the University of Toronto. He

vandenbulcke@ua.ac.be.

Rakhi Verma is a doctoral student in International

Business in the School of Business at Trinity College Dublin. She obtained her MBA from ICFAI Business School, Pune in 2004. She is currently researching FDI from developing countries to the developed world. Her area of interest includes the theory, business strategy and practices of emerging market MNEs and the impact of outward foreign direct investment on developing countries, particularly India. She can be contacted at vermara@

is Research Assistant and PhD Candidate at conomics and Social Policy, University of Fribourg, Switzerland. He earned his master’s degree in economics in 2008 from the University of Fribourg. Mr. Tinguely has been working as a researcher and consultant at the rsity of Fribourg since 2008. He can be contacted at xavier.tinguely@unifr.ch

is Emeritus Professor of International Management and Development of the University of Antwerp. He was Director of the Centre of International Management and Antwerp from 1989 to 2006 and President of the Institute of Development Policy and Management from 1996 to 2000. He is Academic Director of the EuroChina Centre of the Antwerp Management School. Mr. Van Den Bulcke has lectured ed as Visiting Professor in numerous academic institutions in Belgium, Europe, Asia and Latin America. He is author of many books and articles on foreign direct investment issues and the activities of multinational nd Asia, especially China. He has participated in research projects for numerous international organizations. He holds a BA and a PhD from Ghent University and an MA in international economics from the University of Toronto. He

is a doctoral student in International Business in the School of Business at Trinity College Dublin. She obtained her MBA from ICFAI Business School, Pune in 2004. She is currently researching FDI ries to the developed world. Her area of interest includes the theory, business strategy and practices of emerging market MNEs and the impact of outward foreign direct investment on developing countries, particularly India. She can be contacted at vermara@tcd.ie.

(21)

Leila Wright

member of the National Trade and Competition Group. Wright

under the

cultural businesses. Ms. Wright has co

on the subject of foreign investment, including “Is the Moose Breaking Loose?

Investment Regulation,” and “Foreign Investment by State Owned Enterprises and

Issues”. She can be contacted at lwright@heenan.ca.

Zbigniew Zimny

Academy of Finance in Warsaw and at the Warsaw School of Economics. He worked for 20 years at the Unit

New York and Geneva, conducting and managing research and advising governments of developing countries on FDI and MNE issues. He has also been a consultant to UNCTAD and other international organizations. He has published extensively on FDI issues in the UN and academic publications. He holds a PhD in International Economics from the Warsaw School of Economics. He can be contacted at

xix

Leila Wright is an associate at Heenan Blaikie LLP and a

member of the National Trade and Competition Group. Wright advises clients on all aspects of foreign investment under the Investment Canada Act, including issues relating to cultural businesses. Ms. Wright has co-authored several papers on the subject of foreign investment, including “Is the Moose Breaking Loose? Signs of Change in Canadian Foreign Investment Regulation,” and “Foreign Investment by State Owned Enterprises and Sovereign Wealth Funds: Selected Issues”. She can be contacted at lwright@heenan.ca.

Zbigniew Zimny is Professor of International Economics at the

Academy of Finance in Warsaw and at the Warsaw School of Economics. He worked for 20 years at the United Nations in New York and Geneva, conducting and managing research and advising governments of developing countries on FDI and MNE issues. He has also been a consultant to UNCTAD and other international organizations. He has published extensively on FDI ssues in the UN and academic publications. He holds a PhD in International Economics from the Warsaw School of Economics. He can be contacted at z.zimny@orange.fr.

is an associate at Heenan Blaikie LLP and a member of the National Trade and Competition Group. Ms. advises clients on all aspects of foreign investment , including issues relating to authored several papers on the subject of foreign investment, including “Is the Moose Signs of Change in Canadian Foreign Investment Regulation,” and “Foreign Investment by

State-Sovereign Wealth Funds: Selected Issues”. She can be contacted at lwright@heenan.ca.

is Professor of International Economics at the Academy of Finance in Warsaw and at the Warsaw School of ed Nations in New York and Geneva, conducting and managing research and advising governments of developing countries on FDI and MNE issues. He has also been a consultant to UNCTAD and other international organizations. He has published extensively on FDI ssues in the UN and academic publications. He holds a PhD in International Economics from the Warsaw School of Economics.