Preface: Yearbook on International Investment Law and Policy, 2010-2011

Abstract

The recovery of world investment flows will depend substantially on how the world economy will perform in 2011 and beyond, on how MNEs perceive the risks of investing abroad and on how the regulatory environment for foreign investment evolves. Thus, finding the proper balance between protecting the rights of investors and the need for governments to have sufficient policy space to pursue their legitimate public policy objectives will receive increased attention. This attention is particularly important as the international investment regime finds itself in flux as new actors enter the picture and established actors seek to shape the investment regime in light of their own expectations. Renegotiations, the negotiation of new treaties, security clauses, climate change, acquisition of land, and risk allocation will affect the development of the international investment law and policy regime.