外商直接投资，服务贸易谈判和发展： 加勒比旅游外文原文.pdfVIP

Development Policy Review, 2006, 24 (4): 437-454 Foreign Direct Investment, Services Trade Negotiations and Development: The Case of Tourism in the Caribbean Dirk Willem te Velde and Swapna Nair∗ This article examines whether and how developing countries can use services trade negotiations to increase the amount of inward FDI conducive to development. It reviews how services trade rules can affect inward FDI, and employs panel data analysis with innovative use of instrumental variables in the tourism sectors of 9 Caribbean countries during 1997-2003. It argues that Caribbean countries may want to signal openness to inward FDI in GATS, while maintaining a degree of flexibility in the use of policy measures; in the current negotiations with the EU on Economic Partnership Agreements, the focus could be on emphasising the development dimension. 1 Introduction This article examines whether and how developing countries can use services trade negotiations to increase the amount of inward FDI conducive to development, with a focus on the tourism sector in the Caribbean. Tourism is the most important services sector in the Caribbean, with different levels of success and different forms in different countries, ranging from mass tourism (for example Barbados) and cruise ships (for which islands compete intensively) to eco-tourism (for example Belize). There are debates as to which strategies are best suited to address development concerns,1 but it is clear that tourism has become increasingly important for the Caribbean countries in their diversification process away from commodities. Using T