Foreign Direct Investment Screening and National Security: Reducing Regulatory Hurdles to Investors Through Induced Reciprocity
Autor: | Cheng Bian |
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Přispěvatelé: | Erasmus China Law Centre |
Rok vydání: | 2021 |
Předmět: |
National security
business.industry SDG 10 - Reduced Inequalities International economics Foreign direct investment International law Transparency (graphic) Political Science and International Relations media_common.cataloged_instance Business Business and International Management European union Law General Economics Econometrics and Finance Constraint (mathematics) Reciprocity (international relations) media_common Sovereign state |
Zdroj: | Journal of World Investment and Trade, 22(4), 561-595. Brill Publishers |
ISSN: | 2211-9000 1660-7112 |
DOI: | 10.1163/22119000-12340218 |
Popis: | An increasing number of States has adopted new or revised existing laws that establish foreign direct investment (FDI) screening mechanisms on grounds of national security. Comparing FDI screening in Germany and China as a case study, this article identifies three regulatory hurdles to investors related to such mechanisms, namely unpredictability, procedural uncertainty, and the lack of transparency in practice. Adopting the theory of induced reciprocity, this article argues that these regulatory hurdles could be reduced if symmetry constraint on national FDI screening schemes can be established between sovereign States in an international agreement. To achieve induced reciprocity between the European Union and China regarding FDI screening on grounds of national security, the EU-China Comprehensive Agreement on Investment could incorporate certain fundamental principles and regulatory objectives of EU Regulation 2019/452 Establishing a Framework for the Screening of Foreign Direct Investments into the Union as a starting point and a way forward. |
Databáze: | OpenAIRE |
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