A FAIR GLOBALIZATION: CREATING OPPORTUNITIES FOR ALL phần 7

và bồi thường quy định, biện pháp bảo vệ cán cân thanh toán, yêu cầu thực hiện, và các biện pháp khác để cân bằng lợi ích tư nhân và lợi ích công cộng. Nó cũng có thể tăng cường khả năng đàm phán của mình trong các cuộc đàm phán song phương. 399. | Global financial system unstable - with middleincome countries worst affected interests on other issues such as national treatment in the pre- and post-establishment phase dispute settlement procedures expropriation and compensation provisions balance-of-payments safeguards performance requirements and other measures to balance private and public interests. It could also enhance their negotiating capabilities in bilateral negotiations. 399. We believe that efforts should then be stepped up to find a generally agreed forum in which to work out a balanced development framework for FDI perhaps starting with a Policy Development Dialogue of the type proposed in Part IV. Any such framework should be negotiated as a separate and coherent entity and not be tied to concessions on the trade negotiating agenda at the WTO. It should provide a stable predictable and transparent framework for investors balance private workers and public interests rights and responsibilities - both foreign and domestic and ensure a fair transparent and appropriate dispute resolution procedure. It would need to allow flexibility and policy space for countries to manage investment in a way that ensures that the benefits are realized and the adverse effects such as the crowding out of domestic investment are minimized or controlled. Reform of the financial architecture 400. Progress in terms of market access in international trade and entry into global production systems can however be negated by failure to adequately address the issue of reform of the global financial architecture. Gains in the spheres of trade and FDI run the risk of being set back by financial instability and crises. Even the basic ability to seize the new opportunities created by fairer rules governing trade and investment will be strongly influenced by the functioning of the global financial system. 401. The current global financial system is highly imperfect. More than other markets the global financial market is heavily .

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