Author Description

The unique experience of the author in supervising the World Bank's efforts to create the Multilateral Investment Guarantee Agency is detailed in Part I of this book, which provides a case study for the successful preparation of a complex multilateral convention in record time. The book also provides an in-depth analysis of the operational & institutional aspects of MIGA relating them to the broader legal & economic issues concerning international investment flows. Part II deals with both MIGA's guarantee & non-guarantee operations. It covers in detail the different aspects of political risk insurance as well as the advisory & promotional services needed to encourage greater flows of capital & technology across national boundaries & towards developing countries in particular. Part III deals with three major institutional & policy issues which caused the greatest controversies in MIGA's preparatory work & raised questions that go beyond MIGA's concerns. These include the standards that apply to foreign investment, settlement of disputes & the organizational & voting structures of international financial institutions. This book should be of direct interest to a broad array of researchers & practitioners in the fields of international development, foreign investment, international law, political risk insurance & international financial organizations. The topicality of its subject & the prominence of its author add to the importance of the book which is likely to remain the most authoritative in its field for many years to come.