Abstract
This editorial article introduces to the special issue of AIB Insights focused on international trade and investment agreements. The issue includes “International Trade and Investment Agreements: Sovereignty at Bay in the 21st Century?” by Klaus Meyer and Daniel Rottig; “Why Do Countries Commit to ISDS for Disputes with Foreign Investors?” by Srividya Jandhyala; “The Outsized Costs of Investor–State Dispute Settlement” by Lise Johnson and Lisa Sachs; “Is It Chilly Out There? International Investment Agreements and Government Regulatory Autonomy” by Christine Côté; and “Once BITten, Forever Shy: Explaining India’s Rethink of Its Bilateral Investment Treaty Provisions” by Premila Nazareth Satyanand.
Highlights
AIB Insights constitutes a distinct outlet for such new, innovative and path-breaking knowledge and ideas
This focused issue, co-edited by Klaus Meyer, provides a discussion of the controversies surrounding the investor-state dispute settlement (ISDS) system in the context of recent international trade and investment agreements, and its implications for the sovereignty of nation-states in the 21st century. In his last book titled “In the Hurricane’s Eye”(1998) with the warning subtitle “The Troubled Prospects of Multinational Enterprises”, the late Raymond Vernon alerted to the controversial rise of large multinational enterprises whose increasing commercial and political power have led to diminished national sovereignty and weakened nation-states
As a member of the Marshall Plan team and a central player in the development of the International Monetary Fund and of the General Agreement on Tariffs and Trade, Vernon accumulated unique insights and a wealth of knowledge and experiences in international trade and economics that later informed his studies of the impact of globalization and the controversial interaction between multinational enterprises and nation-states
Summary
AIB Insights constitutes a distinct outlet for such new, innovative and path-breaking knowledge and ideas.
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