Bounded Rationality and Economic Diplomacy

The Politics of Investment Treaties in Developing Countries

Author: Lauge N. Skovgaard Poulsen

Publisher: Cambridge University Press

ISBN: 1107119537

Category: Business & Economics

Page: 264

View: 897

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Examines how developing countries often sign up to highly potent rules underwriting economic globalisation without even realising it.

Bounded Rationality and Economic Diplomacy

The Politics of Investment Treaties in Developing Countries

Author: Lauge N. Skovgaard Poulsen

Publisher: Cambridge University Press

ISBN: 1316432564

Category: Political Science

Page: N.A

View: 4555

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Modern investment treaties give private arbitrators power to determine whether governments should pay compensation to foreign investors for a wide range of sovereign acts. In recent years, particularly developing countries have incurred significant liabilities from investment treaty arbitration, which begs the question why they signed the treaties in the first place. Through a comprehensive and timely analysis, this book shows that governments in developing countries typically overestimated the economic benefits of investment treaties and practically ignored their risks. Rooted in insights on bounded rationality from behavioural psychology and economics, the analysis highlights how policy-makers often relied on inferential shortcuts when assessing the implications of the treaties, which resulted in systematic deviations from fully rational behaviour. This not only sheds new light on one of the most controversial legal regimes underwriting economic globalization but also provides a novel theoretical account of the often irrational, yet predictable, nature of economic diplomacy.

The Political Economy of the Investment Treaty Regime

Author: Jonathan Bonnitcha,Lauge N. Skovgaard Poulsen,Michael Waibel

Publisher: Oxford University Press

ISBN: 0192529838

Category: Business & Economics

Page: 336

View: 1683

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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.

The Choice for Europe

Social Purpose and State Power from Messina to Maastricht

Author: Andrew Moravcsik

Publisher: Routledge

ISBN: 1134215347

Category: BUSINESS & ECONOMICS

Page: 528

View: 9866

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The creation of the European Union arguably ranks among the most extraordinary achievements in modern world politics. Observers disagree, however, about the reasons why European governments have chosen to co- ordinate core economic policies and surrender sovereign perogatives. This text analyzes the history of the region's movement toward economic and political union. Do these unifying steps demonstrate the pre-eminence of national security concerns, the power of federalist ideals, the skill of political entrepreneurs like Jean Monnet and Jacques Delors, or the triumph of technocratic planning? Moravcsik rejects such views. Economic interdependence has been, he maintains, the primary force compelling these democracies to move in this surprising direction. Politicians rationally pursued national economic advantage through the exploitation of asymmetrical interdependence and the manipulation of institutional commitments.

A handbook on the new law of the sea. 2 (1991)

Author: René Jean Dupuy,Daniel Vignes

Publisher: Martinus Nijhoff Publishers

ISBN: 9780792310631

Category: Law

Page: 1

View: 9217

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The fact that the Montego Bay Convention has been only ratified by 37 States at present and that it will be some time before the 60 ratifications required by Article 308 are achieved has not prevented states from acting in accordance with the rules drawn up by the Conference. Close on one hundred states have established either exclusive economic zones broadly modelled on Part V or 200-nautical-mile fishery zones and drawn on the principles laid down for exploiting living resources. Although these laws have been formulated unilaterally by states, international custom, since the judgement by the International Court of Justice in the Fisheries Case of 18 December 1951, is derived from concordant national rules. This shift began even before the Conference ended, and has been consolidated since then. Moreover, the régime governing the sea-bed beyond the limits of national jurisdiction defined by Part XI, which was the stumbling block of the Conference, is subject to transitional arrangements on the basis of two resolutions adopted in the Conferences Final Act, one providing for the establishment of a Preparatory Commission and the other on the preliminary activities of pioneer investors. This two-volume work, an earlier edition of which appeared in French, has been written by a team of experts of international renown. It presents an analysis of the Convention with an additional Chapter on the legal régime governing underwater archaeological and historical objects.

Before and Beyond Divergence

Author: Jean-Laurent Rosenthal,Roy Bin Wong

Publisher: Harvard University Press

ISBN: 0674057910

Category: Business & Economics

Page: 276

View: 7827

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Why did sustained economic growth arise in Europe rather than in China? The authors combine economic theory and historical evidence to argue that political processes drove the economic divergence between the two world regions, with continued consequences today that become clear in this innovative account.

The Politics of International Economic Law

Author: Tomer Broude,Marc L. Busch,Amelia Porges

Publisher: Cambridge University Press

ISBN: 1139499122

Category: Law

Page: N.A

View: 9497

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How do politics and international economic law interact with each other? Financial crises and shifts in global economic patterns have refocused our attention on how the fingerprints of the 'visible hand' can be seen all over the institutions that underpin the rules of globalization. From trade and investment to finance, governments are under pressure to enforce, resist and rewrite international economic law. Lawyers have seldom given enough attention to the influence of politics on law, whereas political scientists have had an on-again, off-again fascination with how the law influences relations among states. This book leads the way toward filling this interdisciplinary gap, through a series of important studies written by leaders in the field on specific problems in international economic relations. The book demonstrates a variety of ways in which the international political-economic nexus may be researched and understood.

Tales from the Development Frontier

How China and Other Countries Harness Light Manufacturing to Create Jobs and Prosperity

Author: Hinh T. Dinh,Thomas G. Rawski,Ali Zafar,Lihong Wang,Eleonora Mavroeidi

Publisher: World Bank Publications

ISBN: 0821399896

Category: Business & Economics

Page: 552

View: 7481

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Tales from the Development Frontier presents analytical reviews and case studies that show how selected countries have developed light manufacturing to create jobs and foster prosperity. The focus is on China, a current powerhouse in light manufacturing, but the volume also analyzes a selection of countries in Africa and Asia.

The Law of Nations

Or, Principles of the Law of Nature Applied to the Conduct and Affairs of Nations and Sovereigns. A Work Tending to Display the True Interest of Powers

Author: Emer de Vattel

Publisher: N.A

ISBN: N.A

Category: International law

Page: 563

View: 7688

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Learning in Public Policy

Analysis, Modes and Outcomes

Author: Claire A. Dunlop,Claudio M. Radaelli,Philipp Trein

Publisher: Springer

ISBN: 3319762109

Category: Political Science

Page: 360

View: 7912

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This book explains the causal pathways, the mechanisms and the politics that define the quantity and quality of policy learning. A rich collection of case studies structured around a strong conceptual architecture, the volume comprises fresh, original, empirical evidence for a large number of countries, sectors and multi-level governance settings including the European Commission, the European Union, and individual countries across Europe, Australia, Canada and Brazil. The theoretically diverse chapters address both the presence of learning and its pathologies, deploying state-of-the-art methods, including process tracing, diffusion models, and fuzzy-set techniques.

Distributive Justice and World Trade Law

A Political Theory of International Trade Regulation

Author: Oisin Suttle

Publisher: Cambridge University Press

ISBN: 1108244947

Category: Law

Page: N.A

View: 7567

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What does justice demand in international trade regulation? And how far does World Trade Organization (WTO) law respond to those demands? Whether our focus is developing countries, struggling industries, or environmental protection, distributive conflict is a pervasive feature of international economic law. Despite this, we lack an adequate theory of distributive justice for this domain. Drawing on philosophical approaches to global justice, this book advances a novel theory of justice in trade regulation, and applies this to explain and critique the law of the WTO. Integrating theoretical and doctrinal approaches, it demonstrates the potential for political theory to illuminate and inform the progressive development of WTO law, including rules on border measures, discrimination, trade remedies and domestic regulation. Written from an interdisciplinary perspective, accessible to lawyers, philosophers and political scientists, the book will appeal both to theorists interested in building bridges from theory to practice, and practitioners seeking new perspectives on existing problems.

The Supranational Corporation

Beyond the Multinationals

Author: Laura Westra

Publisher: BRILL

ISBN: 900425272X

Category: Social Science

Page: 220

View: 390

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Legal "personhood" has granted corporations increasing powers while citizens and national governments face diminishing powers in the expanding global economy. As a result, corporate decisions undermine and even nullify legal decisions made by democratically elected governments designed to protect citizens, both nationally and internationally.

Economic Liberalization and Political Violence

Utopia Or Dystopia?

Author: Francisco Gutiérrez

Publisher: IDRC

ISBN: 0745330630

Category: Political Science

Page: 355

View: 6534

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A study of workers struggles against management regimes in Britain's car industry from the Second World War to the late 1980s.

Open Development

Networked Innovations in International Development

Author: Matthew L. Smith,Katherine M. A. Reilly,Yochai Benkler

Publisher: MIT Press

ISBN: 0262319624

Category: Political Science

Page: 384

View: 7255

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The emergence of open networked models made possible by digital technology has the potential to transform international development. Open network structures allow people to come together to share information, organize, and collaborate. Open development harnesses this power, to create new organizational forms and improve people's lives; it is not only an agenda for research and practice but also a statement about how to approach international development. In this volume, experts explore a variety of applications of openness, addressing challenges as well as opportunities.Open development requires new theoretical tools that focus on real world problems, consider a variety of solutions, and recognize the complexity of local contexts. After exploring the new theoretical terrain, the book describes a range of cases in which open models address such specific development issues as biotechnology research, improving education, and access to scholarly publications. Contributors then examine tensions between open models and existing structures, including struggles over privacy, intellectual property, and implementation. Finally, contributors offer broader conceptual perspectives, considering processes of social construction, knowledge management, and the role of individual intent in the development and outcomes of social models. ContributorsCarla Bonina, Ineke Buskens, Leslie Chan, Abdallah Daar, Jeremy de Beer, Mark Graham, Eve Gray, Anita Gurumurthy, Havard Haarstad, Blane Harvey, Myra Khan, Melissa Loudon, Aaron K. Martin, Hassan Masum, Chidi Oguamanam, Katherine M. A. Reilly, Ulrike Rivett, Karl Schroeder, Parminder Jeet Singh, Matthew L. Smith, Marshall S. SmithCopublished with the International Development Research Centre of Canada (IDRC)

How Europe Underdeveloped Africa

Author: Walter Rodney

Publisher: Verso Books

ISBN: 1788731204

Category: History

Page: 416

View: 5924

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The classic work of political, economic, and historical analysis, powerfully introduced by Angela Davis In his short life, the Guyanese intellectual Walter Rodney emerged as one of the leading thinkers and activists of the anticolonial revolution, leading movements in North America, South America, the African continent, and the Caribbean. In each locale, Rodney found himself a lightning rod for working class Black Power. His deportation catalyzed 20th century Jamaica's most significant rebellion, the 1968 Rodney riots, and his scholarship trained a generation how to think politics at an international scale. In 1980, shortly after founding of the Working People's Alliance in Guyana, the 38-year-old Rodney would be assassinated. In his magnum opus, How Europe Underdeveloped Africa, Rodney incisively argues that grasping "the great divergence" between the west and the rest can only be explained as the exploitation of the latter by the former. This meticulously researched analysis of the abiding repercussions of European colonialism on the continent of Africa has not only informed decades of scholarship and activism, it remains an indispensable study for grasping global inequality today.

Spatial Econometric Interaction Modelling

Author: Roberto Patuelli,Giuseppe Arbia

Publisher: Springer

ISBN: 3319301969

Category: Business & Economics

Page: 468

View: 7725

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This contributed volume applies spatial and space-time econometric methods to spatial interaction modeling. The first part of the book addresses general cutting-edge methodological questions in spatial econometric interaction modeling, which concern aspects such as coefficient interpretation, constrained estimation, and scale effects. The second part deals with technical solutions to particular estimation issues, such as intraregional flows, Bayesian PPML and VAR estimation. The final part presents a number of empirical applications, ranging from interregional tourism competition and domestic trade to space-time migration modeling and residential relocation.

The Unmaking of Arab Socialism

Author: Ali Kadri

Publisher: Anthem Press

ISBN: 1783085525

Category: Business & Economics

Page: 250

View: 9536

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Conditions of malnutrition, conflict, or a combination of both characterize many Arab countries, but this was not always so. As in much of the developing world, the immediate post-independence period represented an age of hope and relative prosperity. But imperialism did not sleep while these countries developed, and it soon intervened to destroy these post-independence achievements. The two principal defeats and losses of territory to Israel in 1967 and 1973, as well as the others that followed, left in their wake more than the destruction of assets and the loss of human lives: the Arab World lost its ideology of resistance. The Unmaking of Arab Socialism is an attempt to understand the reasons for Arab world's developmental descent from the pinnacle of Arab socialism to its present desolate conditions through an examination of the post-colonial histories of Egypt, Syria, and Iraq.

Development Centre Studies The Making of Global Finance 1880-1913

Author: Flandreau Marc,Zumer Frédéric

Publisher: OECD Publishing

ISBN: 9264015361

Category:

Page: 144

View: 5671

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This book traces the roots of global financial integration in the first “modern” era of globalisation from 1880 to 1913 and can serve as a valuable tool to current-day policy dilemmas by using historical data to see which policies in the past led to enhanced international financing for development.