Investment treaties are some of the most controversial but least understood instruments of global economic governance. Public interest in international investment arbitration is growing and some developed and developing countries are beginning to revisit their investment treaty policies. The Political Economy of the Investment Treaty Regime synthesises and advances the growing literature on this subject by integrating legal, economic, and political perspectives. Based on an analysis of the substantive and procedural rights conferred by investment treaties, it asks four basic questions. What are the costs and benefits of investment treaties for investors, states, and other stakeholders? Why did developed and developing countries sign the treaties? Why should private arbitrators be allowed to review public regulations passed by states? And what is the relationship between the investment treaty regime and the broader regime complex that governs international investment?
Through a concise, but comprehensive, analysis, this book fills in some of the many "blind spots" of academics from different disciplines, and is the first port of call for lawyers, investors, policy-makers, and stakeholders trying to make sense of these critical instruments governing investor-state relations.
Glad to finish reading this book. Indeed this is a must read book for investment negotiators and policymakers. It covers a broad yet deep and comprehensive investment treaty regime by integrating a legal, political and economic aspect. What I like most about this book is it has answered many questions on the costs and benefits of investment treaties mainly for states, investors but also laid a foundation for further research. The breadth and depth of all the information on this important book is second to none and it makes me hungry for more!