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The First Bilateral Investment TreatiesU.S. Postwar Friendship, Commerce, and Navigation Treaties$
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Kenneth J. Vandevelde

Print publication date: 2017

Print ISBN-13: 9780190679576

Published to Oxford Scholarship Online: April 2017

DOI: 10.1093/acprof:oso/9780190679576.001.0001

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U.S. Postwar Foreign Investment Policy

U.S. Postwar Foreign Investment Policy

(p.29) 1 U.S. Postwar Foreign Investment Policy
The First Bilateral Investment Treaties

Kenneth J. Vandevelde

Oxford University Press

The Roosevelt-Truman administrations sought a postwar foreign economic policy that would avoid the mistakes that they believed had led to the Great Depression and World War II. They adopted a policy of enlightened self-interest in which the United States would promote full employment and rising standards of living in the United States and abroad. Such a policy necessitated the promotion of U.S. foreign investment to facilitate reconstruction and development abroad and to provide other countries with the dollars needed to purchase U.S. surplus goods. The Roosevelt-Truman administrations believed that, to promote investment, the United States should conclude treaties to ensure fair, equitable, and non-discriminatory treatment for U.S. investment. They also believed that international investment must be regulated to prevent adverse consequences, but increasingly concluded that such regulation would need to occur at the national level.

Keywords:   foreign economic policy, foreign investment policy, international investment policy, investment protection, investment regulation, fair and equitable

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