State Liability in Investment Treaty Arbitration Global Constitutional and Administrative Law in the BIT Generation pdf

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State Liability in Investment Treaty Arbitration Global Constitutional and Administrative Law in the BIT Generation by Santiago Montt pdf

State Liability in Investment Treaty Arbitration Global Constitutional and Administrative Law in the BIT Generation by Santiago Montt pdf free download. The international investment regime has changed dramatically in recent decades. Emerging economies throughout the world are attracting foreign direct investment (FDI) that goes beyond the traditional concentration on natural resources and agricultural products. Infrastructure projects and manufacturing for export and for the domestic market account for an important share of FDI.

State Liability in Investment Treaty Arbitration Global Constitutional and Administrative Law in the BIT Generation by Santiago Montt pdf

Furthermore, a growing share involves contracts or joint ventures between multinational corporations (MNCs) and domestic firms, rather than the state. Although the global economic slowdown has had an important negative impact on emerging economies worldwide, a key role for foreign capital and, in particular, for FDI will remain. In the face of overall declines in investment spending, competition for the remaining private funds will be intense.

State Liability in Investment Treaty Arbitration Global Constitutional and Administrative Law in the BIT Generation by Santiago Montt pdf

Multi-national investors can no longer view emerging economies as passive recipients of whatever benefits investors wish to bestow or as dominated by corruptible leaders willing to make deals for personal gain. Of course, corruption and self-dealing remain in some quarters and are facilitated by long-standing MNC business practices. However, the strengthening of democratic regimes worldwide acts as a check on unfettered deal-making and has introduced demands for political accountability into the international investment environment.

State Liability in Investment Treaty Arbitration Global Constitutional and Administrative Law in the BIT Generation by Santiago Montt pdf

These demands, however, are rising to prominence just as more and more investment projects are essentially private arrangements that require state acquiescence but no direct state financial participation. The state may give tax breaks, low-interest loans, and regulatory exemptions, but it does not have an ownership stake.

State Liability in Investment Treaty Arbitration Global Constitutional and Administrative Law in the BIT Generation by Santiago Montt pdf

State Liability in Investment Treaty Arbitration Global Constitutional and Administrative Law in the BIT Generation by Santiago Montt pdf

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