Regionalism in International Investment Law
- Kirby, Michael.
- 2014/08/03
- 已被閱讀 229次
- Journal of World Trade, Vol. 48 (4), Aug. 2014, pp. 889
Regionalism in International Investment Law Edited by Leon E.Trakman and Nicola W. Ranieri and Published by Oxford University Press, USA (2013) Suggested Retail Price - USD 140 While foreign direct investment (FDI) continues to grow and the trend is unlikely to reverse in the near future, there are still debates over whether one can refer to the concept of 'International Investment Law'. After all, there is still no global regulatory framework to manage FDI transactions akin to the WTO. Despite this, there are close to 3000 bilateral investment treaties (BITs) in operation. Furthermore, there is growing volume of cases that have quasi-precedential status in various dispute resolution centres. Finally, the similarities between various BITs have led many to argue that investment rules have gained the status of customary international law. Although there are arguably a number of internationally accepted norms regarding how international investments should be regulated, the 2008 Global Financial Crisis has encouraged states to rethink their approaches to the management of FDI. While some are calling for a full-fledged global investment regulatory framework, others have begun to emphasize rights of states in controlling incoming FDI. This debate is still ongoing and its resolution will have wide repercussions on the global economy. Thus, this volume on international investment regulation could not have come at a more opportune time.
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