The 1980s and 1990s brought new protections to foreign investors in risky countries. Yet, the assurances failed to meet investors needs, imposed sometimes inordinate costs on poor countries, and widely rankled nationalistic sensibilities. The book's case histories suggest reforms for international arbitration and official investment insurance and offer lessons for managers who want to make their investments more secure.
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Louis T. Wells is the Herbert F. Johnson Professor of International Management at the Harvard Business School. His research has focused on foreign investment and development; his principal consulting activities have been concerned with foreign investment policy and with negotiations between foreign investors and host governments. Rafiq Ahmed is a retired academic and manager. He did postdoctoral research at the Harvard Business School and taught and managed international programs at Tulane University's Freeman School. He was a business manager for 28 years, primarily with the Exxon Corporation. He was also president of the Management Association of Pakistan and vice chairman of the Executive Committee of the Indonesian Institute for Management Development. In retirement, he divides his time between Houston, Texas, and Sydney, Australia.
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