Fighting the Wrong Enemy

Through an evaluation of the Multilateral Agreement on Investment (MAI), Graham takes a fresh look at the growing backlash against globalization. He first explores whether the MAI negotiations failed due to political maneuvering by antiglobalist nongovernment organizations (supported by U.S. labor) or because of irreconcilable differences among the negotiating parties. The final chapter assess whether or not a negotiation to create a comprehensive agreement on investment should be included at negotiations at the World Trade Organization in the near future.

Edward M. Graham, senior fellow, was associate professor in the Fuqua School of Business at Duke University (1988-90), associate professor at the University of North Carolina (1983-88), principal administrator of the Planning and Evaluation Unit at the OECD (1981-82), international economist in the Office of International Investment Affairs at the US Treasury (1979-80), and assistant professor at the Massachusetts Institute of Technology (1974-78)