Investor–State Dispute Settlement Systems in Emerging Mega‐Integration Blocs

17 Pages Posted: 3 Jun 2017

See all articles by Miroslav N. Jovanovic

Miroslav N. Jovanovic

University of Geneva, Global Studies Institute

Date Written: June 2017

Abstract

Emerging mega‐integration blocs, such as the Trans‐Pacific Partnership and the Transatlantic Trade and Investment Partnership, are evolving outside of the World Trade Organization's influence. Their most contested features are their investor–state dispute settlement (ISDS) systems. This article considers basic features of the ISDS system, the expansion in the number of ISDS cases and the privileged place of corporations vis‐à‐vis citizens in the law‐making process. The arcane private corporation‐friendly ISDS system is beyond reparation and it needs to be scrapped. The existing court systems in the self‐assured democracies of Europe, North America and Australia are sufficient.

Suggested Citation

Jovanovic, Miroslav N., Investor–State Dispute Settlement Systems in Emerging Mega‐Integration Blocs (June 2017). Australian Economic Review, Vol. 50, Issue 2, pp. 152-168, 2017, Available at SSRN: https://ssrn.com/abstract=2978866 or http://dx.doi.org/10.1111/1467-8462.12197

Miroslav N. Jovanovic (Contact Author)

University of Geneva, Global Studies Institute ( email )

Sciences II, 30 Quai Ernest-Ansermet
Geneva 4, 1211
Switzerland
+41 22 379 3706 (Phone)

HOME PAGE: http://www.miroslavjovanovic.com

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