Developing States Challenge ICSID

Abstract

ICSID (International Centre for Settlement of Investment Disputes) plays important role in resolving international investment disputes and enhancing international investment. But this mechanism also faces a lot of criticize from developing countries. Because the core international investment theory of developing counties is different from developed countries, they hold different opinions toward the performance of ICSID. And in practice, ICSID does ignore the interest of developing countries under some situations. This paper is going to introduce developing countries negative attitude toward ICSID through empirical research and try to find out methods to perfect international investment dispute mechanism from the aspect of developing countries. Index Terms ICSID, Developing Countries, Investment Treaty