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Globalization And Justice At Wto: Investment-Related Disputes Settlement

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  • BURNETE Sorin

    (Lucian Blaga University of Sibiu)

Abstract

Given that trade and investment have become so tightly enmeshed, one would expect this fact to be reflected in the investments legal regulation process advancing more rapidly, at least to the extent that trade relations are regulated. In the last decades, world nations have grown increasingly concerned vis-Ã -vis governments' low capacity to politically harness foreign investors' activity, especially when the latter are multinational companies. The potential contradiction, in letter and fact, between actions promoted by governments in order to deal with foreign investment and the freedom of trade as reflected in the articles of the GATT, is the chief impediment to the adoption of multilateral norms with regard to foreign investments.

Suggested Citation

  • BURNETE Sorin, 2016. "Globalization And Justice At Wto: Investment-Related Disputes Settlement," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 68(4), pages 94-105, December.
    • Handle: RePEc:blg:reveco:v:68:y:2016:i:4:p:94-105
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/68407burnete.pdf
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    More about this item

    Keywords

    international trade; foreign investment; disputes settlement; multilateral agreements; international law;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
    • K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process

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