Rethinking International Investment Governance: Principles for the 21st Century – written over the course of a week by a distinguished group of experts in international economic governance using the Booksprint process – aims to serve as a practical resource for those interested in the elements of an international investment system that promotes sustainable development and achieves legitimacy by providing benefits to all stakeholders.
The objective of Rethinking International Investment Governance is to change the terms of the debate so that societal values and goals are at the center of discussions about each reform proposal and process. This book rethinks international investment law as a key system in global economic governance that should incorporate principles of transparency, participation, reciprocity, accountability, and subsidiarity. It critically evaluates the current system of investment governance in light of those principles and goals. And finally, it proposes possible reforms – including multilateral ones – that would realign the governance of international investment with 21st century goals including reduction of poverty and inequality, and protection of human dignity, the environment and the planet.
Antitrust and Trade Regulation | Banking and Finance Law | International Law | International Trade Law | Law
"Makes a compelling case for revamping the current international investment regime."
—Jose Antonio Ocampo, Professor of Professional Practice in International and Public Affairs, Columbia University School of Public and International Affairs
"The 'go-to' work for academics and policy-makers."
—Theodore H. Moran, Marcus Wallenburg Chair in International Business and Finance at the School of Foreign Science, Georgetown University
"Incredibly creative in suggesting an alternative formulation of governance standards ... provid[ing] guidance on the subject for many years to come."
—M. Sornarajah, CJ Koh Professor of Law, National University of Singapore
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Aisbett, Emma; Choudhury, Barnali; De Schutter, Olivier; Garcia, Frank; Harrison, James; Hong, Song; Johnson, Lise; Kane, Mouhamadou; Peña, Santiago; Porterfield, Matthew; Sell, Susan; Shay, Stephen E.; and Wells, Louis T., "Rethinking International Investment Governance: Principles for the 21st Century" (2018). Columbia Center on Sustainable Investment Books. 1.
Antitrust and Trade Regulation Commons, Banking and Finance Law Commons, International Law Commons, International Trade Law Commons
The booksprint was facilitated by the German Federal Ministry for Economic Cooperation and Development (BMZ). All views expressed in the study are the sole responsibility of the authors and should not be attributed to BMZ or any other institution or person.