Part I International Investment and the Law, 1 The Nature and Significance of International Investment
From: The Three Laws of International Investment: National, Contractual, and International Frameworks for Foreign Capital
Jeswald W. Salacuse
- International economic law — Investment — Investor — International trade
The meaning of the term “investment” at its most basic level is the commitment of resources by a physical or legal person to a specific purpose in order to earn a profit or to gain a return. Etymologically, the word invest is derived from the Latin investire , which means “to clothe.” 1 An investor is in effect “clothing” an enterprise with capital through the process of investment. In economic terms, investment, a form of savings, is the opposite of consumption. Investment is fundamental to economic growth and to the provision of needed goods and services in any...