IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/16821_20.html
   My bibliography  Save this book chapter

The international regime for investment: a history of failed multilateralism

In: Handbook of the International Political Economy of the Corporation

Author

Listed:
  • Tarald Laudal Berge
  • Helge Hveem

Abstract

In this chapter, the authors discuss two interrelated questions: (1) Why is there no multilateral agreement on investment? (2) Do we need a multilateral investment agreement? They begin with a broad examination of the historical roots of investment protection, and revisit hallmark efforts at reaching a multilateral accord. They then elaborate upon the decentralized regime that has been instituted instead, with a focus on bilateral investment treaties and investment treaty arbitration. Next, they consider three sets of explanations for why the formal efforts at reaching a multilateral agreement have failed: an ideational account, political explanations, and various technical explanations. They also discuss why some actually view the decentralized treaty-based regime as a multilateral system in and of itself. They end by reviewing the recent legitimacy crisis surrounding the investment regime, and debate whether regionalism may be an expedient alternative to formal multilateralism in future global investment protection.

Suggested Citation

  • Tarald Laudal Berge & Helge Hveem, 2018. "The international regime for investment: a history of failed multilateralism," Chapters, in: Andreas Nölke & Christian May (ed.), Handbook of the International Political Economy of the Corporation, chapter 20, pages 311-328, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:16821_20
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/edcoll/9781785362521/9781785362521.00028.xml
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:16821_20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.