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In 1998, a proposal for a Multilateral Agreement on Investments was announced- a kind of World Constitution for Capital, which would give capital all the rights and almost no duties--especially in Third World countries where the investments would be made. For instance, multilateral agreements on capital flows increase the mobility of capital. In 1990, during the administration of the first President Bush, Washington signed a multilateral agreement amounting to a standing invitation to the OSCE to observe any member's election. |
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