Refusal to recognize the legitimacy of such strategies caused the collapse of the Multilateral Agreement on Investment in 1998, after three years of negotiations between the OECD countries. The project was perceived – rightly so – as amounting to a surrender of sovereignty, because it introduced a rigid principle of non-discrimination between foreign and local companies that would eliminate the host country’s room for maneuver without offering anything in return.
拒绝承认这种策略合理的一面使经合组织国家在经历为时3年的谈判后，还是在 1998年宣告《多边投资协定》的失败。很多国家理所当然的认为推行这项计划就意味着放弃主权，因为它要求对国外和当地公司严格执行非歧视性政策，使东道国完全丧失腾挪的空间，却根本得不到任何回报。这样的计划对发展中国家来讲更加难以接受。