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More Information:
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Promoting Economic Growth and Development: The Policy Framework for Investment
Moderator
Wes Scholz
Director, Office of Investment Affairs, US Department of State
Presentation
Rainer Geiger
OECD Deputy Director Financial and Enterprise Affairs
Discussant
R. Michael Gadbaw
Vice President of International Law and Policy, General Electric Company
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The event took place on Thursday, October 26, 2006
Capitol Hill Club, Private Dining Room 1
300 First Street SE, Washington DC 20036
9:00-10:00 AM Presentation, 8:30 AM Registration
Event Description:
Private investment increases the productive capacities of the economy, drives job creation, brings innovation and boosts income growth. Whether investment occurs and where it is located crucially depends on the policy choice of countries.
The Policy Framework for Investment is a recent initiative to help governments design and implement policies which create a sound investment environment. It is based on the common values for rules of law, transparency, non discrimination, protection of property rights, public and private sector integrity and international cooperation. It is a partnership-based effort of developed and developing countries and received input by business, trade unions and civil society. The challenge now is to put this framework into action. The presentation by Mr. Geiger will discuss how this can be achieved, and how business can contribute and benefit from it.
Biographies:
Rainer Geiger is Deputy Director of OECD Financial and Enterprise Affairs and the Head of the OECD-Middle East North Africa Investment Program. His professional career started as Counselor in the Ministries of Economics and Economic Cooperation in Germany. In 1977, he joined the Organization for Economic Cooperation and Development (OECD).
Mr. Geiger is Chairman of the Executive Board of the Centre for Private Sector Development in Istanbul, Turkey and Co-Chair of the Investment Compact Stability Pact for South East Europe. He is an Associate Professor for international economic law at the University Paris I, Pantheon-Sorbonne. He is a member of the German American Lawyers Association and the French Society of International Law and has published numerous articles on international economic law issues. Mr. Geiger has a PhD from the University of Heidelberg in Germany, and a law degree from Columbia Law School, New York, NY.
Wes Scholz has been Director of the Office of Investment Affairs since 1995. Mr. Scholz represents the United States at the OECD Investment Committee and serves as its vice chairman. His offices’ responsibilities include coordinating State Department positions for the Committee on Foreign Investment in the United States (CFIUS) management of the US bilateral investment treaty (BIT) program, State Department participation in US free trade agreement (FTA) investment negotiations, representation of the United States in multilateral investment discussions at UNCTAD and other international fora, participation in regional investment fora including APEC and NAFTA, and provision of foreign policy guidance to the Overseas Private Investment Corporation (OPIC). Mr. Scholz also serves as the US National Contact Point for the OECD Guidelines on Multinational Enterprises. Mr. Scholz received a BA from Marquette University, a JD cum laude from the University of Wisconsin School of Law, and a LL.M. in Law and Marine Affairs from the University of Washington School of Law.
R. Michael Gadbaw is Vice President and Senior Counsel for International Law, and Policy, General Electric Company. He is responsible for GE's international government relations and is the champion for compliance with GE's policies on Ethical Business Practices and International Trade Controls. He also serves on the Public Policy Committee of the GE Foundation. Before coming to GE, Mr. Gadbaw was in private practice (1980-1990), most recently as a partner of Dewey Ballantine where he helped form that firm's international trade group. He is Chairman of the State Department's Advisory Committee on International Economic Policy.
For more information, please contact Laura Creswell ,
OECD Washington Center, 202-785-6323
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