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Sustainable Development in World Investment Law (Hardcover)
Loot Price: R5,633
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Sustainable Development in World Investment Law (Hardcover)
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Sustainable development, as defined by the World Commission on
Environment and Development, is development that meets the needs of
the present without compromising the ability of future generations
to meet their own needs.A" More specifically, sustainable
development is a process of change that seeks to improve the
collective quality of life by focusing on economically, socially,
and environmentally sound projects that are viable in the
long-term. Sustainable development requires structural economic
change and the foundation of that change is investment. In
developing nations with low levels of domestic savings, investment
predictably comes from abroad in the form of foreign direct
investment. A large and ever expanding number of international
investment agreements are in place to govern these transactions.
While these accords seek to foster development while mitigating the
risk involved in these types investments, many questions remain
unresolved. This highly insightful book reflects the contributions
of a variety of world renowned experts each of which is designed to
provide the reader with valuable perspective on recent developments
in investment law negotiations and jurisprudence from a sustainable
development law perspective. It offers answers to pertinent
questions concerning advancements in investment law, including the
negotiation of numerous regional and bilateral agreements as well
as the increasing number of disputes resolved in the World Bank's
International Centre for the Settlement of Investment Disputes
(ICSID), from different developed and developing country
perspectives. It lays out future directions for new treaty
negotiations and dispute settlement proceedings, as well as ongoing
investment promotion efforts, against a background of rapidly
evolving international relationships between economic, environment
and development law. It focuses on key issues in investment laws
which have emerged as priorities in the negotiation of bilateral
and regional investment agreements, and have been clarified through
recent decisions of the ICSID and other arbitral panel awards.
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