Local Content Policies and Their Implications for International Investment Law

• Autores: Damilola S. Olawuyi
• Localización: Handbook of International Investment Law and Policy / Julien Chaisse (aut.), Leïla Choukroune (aut.), Sufian Jusoh (aut.), 2021, ISBN 9811336148, págs. 377-397
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The rise of local content requirements (LCRs) in resource-rich countries across the world presents new and contemporary challenges to international investment law. While LCRs generally aim to boost domestic value creation and long-term economic growth, inappropriately designed LCRs could result in a misalignment of a country’s fiscal policies and international investment law and may ultimately serve as disincentive to foreign investment.

    This chapter develops a profile of the critical intersections and tensions between domestic-level LCRs and international investment law. It identifies innovative legal strategies to reform and address these misalignments and inconsistencies. A clear, comprehensive, and transparent set of horizontal and collaborative policies targeted at creating a supportive regulatory and business-friendly economic environment for investors to deliver greater value in the host country can advance both immediate and longer-term local content objectives with fewer potential investment distortions.