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- W2489656196 abstract "This chapter discusses the emergence of modern international investment law (IIL). It identifies three unique features: its decentralized composition; organic emergence; and the fact that it is highly contested but dynamically stable. It argues that IIL was not rationally designed or entered into at one given point but slowly developed over time from a series of small, historically-contingent and often accidental steps — not just by treaty or bilateral investment treaty (BIT) negotiators but also by contract drafters, international institutions and, most notably, arbitrators and litigators. Countries keep signing BITs and free trade agreements (FTAs) partly because they perceive them to be in their interest, partly because of network effects and path dependency." @default.
- W2489656196 created "2016-08-23" @default.
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- W2489656196 date "2014-05-01" @default.
- W2489656196 modified "2023-09-30" @default.
- W2489656196 title "Rational Design or Accidental Evolution? The Emergence of International Investment Law" @default.
- W2489656196 doi "https://doi.org/10.1093/acprof:oso/9780199685387.003.0002" @default.
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