Investment Treaties and the Globalisation of State Capitalism: Opportunities and Constraints for Host States
Forthcoming in: R. Echandi and P. Sauvé (eds.), Prospects in International Investment Law and Policy (Cambridge: Cambridge University Press, 2012)
23 Pages Posted: 5 May 2012
Date Written: May 4, 2012
The growing stock of foreign investments by sovereign wealth funds and state-owned enterprises poses regulatory challenges to the international investment regime. With arbitrators seemingly keen on expanding the jurisdictional scope of investment treaty arbitration to cover a wide range of sovereign investments, host governments might have to revisit key investment treaty provisions to ensure a prudent and coherent governance of the globalization of state capitalism.
Keywords: investment treaties, ICSID, sovereign wealth funds, state-owned enterprises, investment subsidies, foreign direct investment
JEL Classification: F5, F13, F15, F21, F23, F51, F53, F55, K33
Suggested Citation: Suggested Citation