A MAI-Day Alert       Part 1
SUMMARY:   In May 1998 the Multilateral Agreement on Investment (MAI), a business treaty being negotiated by the richer nations that make up the Organization for Economic Co-operation and Development (OECD), will be presented to the rest of the world's nations to sign, with little chance for amendments or additions. The MAI will be a blow against the environment and against the world's poor. It will give near-total freedom to foreign investors, effectively reducing the rights of host nations. Under MAI, participating nations must:   * Open all economic sectors, including real estate, broadcasting, and natural resources, to foreign ownership   * Remove requirements on investor behavior to merit market access   * Compensate investors in full for assets expropriated by "unreasonable" regulation or by seizure   * Treat foreign investors as favorably as domestic ones   * Allow investors to sue governments in any dispute resolution   * Ensure that all levels of government comply with the MAI
[ 62P ] [ CONTENTS ] [ HOME ] [ PLAIN ] [ Foot ] [ 64 ]
The Henry George Institute Presents:
Understanding Economics
Picture of person and placards such as Stop Raising Interest Rates,  Jobs not ... taxes
A tuition-free course
in economics
that goes
beyond "left & right"
to shed light on today's
baffling economic problems:

Crime
Pollution
Homelessness
Poverty
Unemployment
Public Debt

Sheet of PAPER MONEY coming out of printing machine, held  by two hands
Questions? Comments?
Take a Tour
of Our Online Course
The Land Question
Links You Ought to See
Special Thanks

Hits to date: Pseudo WEBPAGE COUNTER, animated as if running up  hits in the multi-thousands

NetGuide Gold Site
NetGuide Gold Site

Political Site of the Day Award
Political Site of the Day Award

LAND RANT OF THE WEEK

A MAI-Day Alert     Part 1

A red line

This May, the Multilateral Agreement on Investment, a business treaty being negotiated by the richer nations that make up the Organization for Economic Cooperation and Development (OECD), will be presented to the rest of the world's nations to sign, with little chance for amendments or additions. The MAI will be a blow against the environment and against the world's poor. It will give near-total freedom to foreign investors, effectively reducing the rights of host nations.

Under MAI, participating nations must:

Open all economic sectors, including real estate, broadcasting, and natural resources, to foreign ownership

Remove requirements on investor behavior to merit market access

Compensate investors in full for assets expropriated by "unreasonable" regulation or by seizure

Treat foreign investors as favorably as domestic ones

Allow investors to sue governments in any dispute resolution

Ensure that all levels of government comply with the MAI

Advocates argue that the MAI is needed to protect international investors against discrimination and expropriation and will open new markets to investment. Many others, however, contend that it will encourage nations -- to an even greater degree than at present -- to compete for investors by lowering wages and environmental safeguards. It will also allow investors to challenge safety and other regulations that might inconvenience the unrestricted flow of capital. Critics see as particularly serious the likelihood that even more money will flow out of poorer countries, whereas, at present, they may restrict the amount investors can withdraw. For this and other reasons, the national debts of our world's poorest countries are sure to rise under the agreement.

Continued...


Supporting FREE SPEECH on the Net
Supporting Free Speech on the Net

Checked by                     NetMechanic
Checked with NetMechanic
NetMechanic detected someone's code that prevented one of our 3 Browsers from showing anything below here
All Rights Reserved to the owner/s of Copyright© and Registered® Trade Marks™. See Disclaimer, Copyright and Trade Marks
This Website is connected through Multiline; and is a member of various banner systems (all free).
[ 62P ] [ Original ] [ CONTENTS ] [ HOME ] [ PLAIN ] [ Top ] [ 64 ]
NetMechanic was the "salvation" of this Webpage
This Page © was written by Pat Aller, December 4, 1997, U.S.A., and "Mirrored" with TekNet's HTML Pro32© by John Massam, 01 February 1998, permission received; 3 A4 pages, last revised 02 August 2010
The opinions expressed on this Website and the links from it are those of the author/s, and not necessarily those of the Association.
DOC 63:   URL = http://www.multiline.com.au/~georgist/mai-alert1.htm