Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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The Impact of Economic Nationalism on FDI in the Philippines from the Legal Perspective

Authors
Songlin Xie1, *
1College of Arts and Science, American University, Chevy Chase, Washington, D.C., 20815, USA
*Corresponding author. Email: sx5048a@student.american.edu
Corresponding Author
Songlin Xie
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_109How to use a DOI?
Keywords
Foreign Direct Investment; Economic Nationalism; Legislative Framework
Abstract

Compared to other countries in the Association of Southeast Asian Nations, positive effects on Philippine economic growth and foreign direct investment (FDI) is limited recently, which might result from the policy of economic nationalism. This paper reviews related articles to investigate why the Philippines’ constitutional and legislative framework for FDI lowers the benefits of foreigners and what can be done to promote the effect of FDI in the future. This paper can provide reference and policy enlightenment for similar developing countries. Through reviewing related articles, this paper finds that under the legislative framework of economic nationalism, foreign investors’ ability to safeguard their investment positions and interests in arbitration is restrictive. More policy proposals in terms of legislation on freeing restrictions on foreign investors should be proposed in the future.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-052-7_109
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_109How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Songlin Xie
PY  - 2022
DA  - 2022/12/27
TI  - The Impact of Economic Nationalism on FDI in the Philippines from the Legal Perspective
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 962
EP  - 968
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_109
DO  - 10.2991/978-94-6463-052-7_109
ID  - Xie2022
ER  -