IP11 / IP3 joint-workshop
28 November 2008, Graduate Institute of International and Development Studies (HEID), Geneva, Switzerland
Is the World Flat or Mountainous? Implications for International Rules on Trade and Investment, in particular in the European Context
The workshop will take place at the premises of the Graduate Institute of International and Development Studies, in Geneva, November 28, 2008.Place: The Graduate Institute, 132 rue de Lausanne, Room AJF (in the Institute cafeteria building near the Villa Barton).
Participation to this event is especially encouraged to academia, officials from international organizations, country representations and NGOs, and practitioners in international trade and investment matters. Graduate students with an interest in the field are also invited to attend and actively join the discussion.
Workshop programme
8.30 – 9.00 - Welcoming Coffee
9.00 – 9.15 - Opening Session
Welcoming Remarks Philippe Gugler, University of Fribourg and WTI/NCCR-IP 11 Leader (webpage) Richard Baldwin, Graduate Institute, and WTI/NCCR-IP 3 Leader (webpage)
9.15 - 10.45 - Session 1 – Multinational Enterprises' Strategies and Activities in a Shapeless World?
In his book „the
World is flat“, Thomas Friedman reported that outsourcing is just one
dimension of a much more fundamental phenomenon unfolding today: the flattening
of the world. Massive technological investment, the explosion of software, and
the plummeting price of computers and their worldwide diffusion have all come
together to create a platform for intellectual work/capital to be delivered
from anywhere to anywhere. This convergence has provided a whole new degree of
freedom in the way people perform tasks, especially intellectual tasks. Thus,
countries like India and China are now able to compete for global knowledge
work as never before, and Europe or the US will be challenged as never before
by this new milestone in human progress. The workshop will explore whether or
not the death-of-distance is right that the location of economic activity is
becoming less important, such that indeed income earners in the „rich“
countries have to “run faster” than competitors in order to “stay in the same
place”. Chair: Philippe Gugler, University of Fribourg and WTI/NCCR-IP 11 Leader
Rajneesh Narula, University of Reading, Department of Economics: “The World is not Flat ! On the Reality and Romance
of Globalisation”
Ana Teresa Tavares, University of Porto, Faculty of Economics: “Are multinationals (and subsidiaries) strategies flat
or spiky?"
Sarianna Lundan, University of Maastricht, Faculty of Economics: “The second unbundling and the experience of Finnish MNE’s”
Discussant : James X. Zhan, Acting Director, Division on Investment and Enterprise, UNCTAD, Geneva
10.45 – 11.15 - Coffee Break
11.15 – 12.30 - Session 2 – Econometric Studies of Foreign Direct Investment in the EU
European based multinational enterprises have increased in number
and significance in recent years, linked with the rapid growth of
internationalization and global competition. The session will discuss four main
points: FDI flows among the member
states of the European Union; Inward FDI from outside the European Union; FDI
outflows from selected European Union countries; The role and the needs of MNEs.
Chair: Richard Baldwin, Graduate Institute, and NCCR-IP 3 Leader
Sudip Ranjan Basu, Visiting lecturer at the Graduate Institute and UNCTAD, Geneva: “FDI and Institutions: A
Fresh Look”
Roberto de Santis, European Central Bank, Frankfurt: “Cross-Border Mergers and Acquisitions and European integration”
Discussant : Christian Bellak, Department of Economics, Vienna University of Economics
12.30 – 13.45 - Lunch
13.45 - 15.50 - Session 3 – Towards a European Investment Policy: parameters and challenges
The
development of the European Union (EU), which involved the dismantling of bafflers
to the movement of goods, capital and labor within Europe, has intensified the
trend toward regional integration. Indeed it has led to a rapid increase in
cross-border trade and higher levels of intra-European foreign direct
investment. For all the major European countries (apart from the UK) more than
half their FDI outflows are to other European countries. EU leaders officially
signed the new Treaty at a Special Summit in Lisbon on 13 December. The Reform
Treaty is set to come into force as soon as all 27 member
states have ratified it, preferably ahead of the European
elections in June 2009. Meanwhile it is of prime importance to analyze the
changes this Treaty will bring in the field of European investment policy. Till
now, investment remains an issue largely in the hands of the national member
States. However, the new Treaty of Lisbon seems to transfer the external competence in
investment to the EU. These changes will be depicted, in
particular against the background of the rise of sovereign wealth funds and the
ongoing negotiations with China to build a new framework for trade and
investment.
Chair: Theresa Carpenter, Graduate Institute, and NCCR-IP 3 Alternate Leader
Richard Baldwin, Graduate Institute, and Leader NCCR/IP3 “The impact of the Euro on FDI and cross-border mergers / acquisition”
Julien Chaisse, WTI-IP11 Alternate Leader and University of Antwerp: “An EU External Investment Policy? Bilateral and Multilateral Prospects”
Bertram Boie, IP11 Research fellow , World Trade Institute, Berne: “The Sino-European legal framework for investments: facing the mountains”
Katja Gehne, WTI-IP4 Alternate Leader, World Trade Institute, Berne:
“Two opposing trends in trade? Developing a European
Investment Policy versus Growing Governance Gaps in Corporate Social
Responsibility”
Discussant: Francesca Sanna-Randaccio, University "La Sapienza", Rome:
15.45 – 16.00 - Concluding Remarks
Richard Baldwin, Graduate Institute, and WTI/NCCR-IP 3 Leader
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