Chapter

International Investment Rulemaking at the Beginning of the Twenty-First Century: Stocktaking and Options for the Way Forward

James Zhan, Jorg Weber and Joachim Karl

in The Evolving International Investment Regime

Published in print April 2011 | ISBN: 9780199793624
Published online May 2011 | e-ISBN: 9780199895205 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199793624.003.0014
International Investment Rulemaking at the Beginning of the Twenty-First Century: Stocktaking and Options for the Way Forward

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This chapter reviews the current system of international investment rules and explores ways on how to move forward. It makes a plea for a new multilateral effort that is both reasonable and necessary. It is reasonable because a lot of common ground has already been built during the last decades. A multilateral undertaking can gradually be built on this common ground. The pavement for a future road of multilateral investment rules already partially exists. And a multilateral effort is necessary because given the systemic, capacity- and development-related challenges described in this book, the current patchwork of thousands of agreements does not seem to be sustainable in the long run, and because this patchwork looks particularly disadvantageous for developing countries.

Keywords: international investment law; investment agreements; multilateral effort; multilateral undertaking; multilateral investment rules

Chapter.  7103 words.  Illustrated.

Subjects: Public International Law

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