GLOBALIZATION AND JUSTICE AT WTO: INVESTMENT-RELATED DISPUTES SETTLEMENT

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-à-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.

Keywords: international trade, foreign investment, disputes settlement, multilateral agreements, international law

JEL Classification: F13, F23, K33, K41

Volume: 68, Issue: 4

Pages: 94 - 105

Publication date: December, 2016

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/68407burnete.pdf

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