Resar and Cheng examine the challenges to investor-state arbitration, and calls for reform from across the political spectrum. Whiling lauding recent reforms as enhancing the quality of justice rendered in arbitration, they argue that these are insufficient to resolve the domestic political challenges that investor-state arbitration faces. The only way to preserve the institution of investor-state arbitration, they say, is to convince broad populations to support the international flow of capital and the independent resolution of disputes arising from it. Such political support will remain tenuous at best, they predict, until and unless there is a more equitable distribution of the benefits from the international flow of capital. Annotation ©2021 Ringgold, Inc., Portland, OR (protoview.com)
Investor State Arbitration In A Changing World Order addresses challenges and reform proposals that dominate contemporary discussion of investor state arbitration. The authors argue that, although important for the institution’s development, current reforms are insufficient to guarantee investor state arbitration’s survival. Instead, if international investment arbitration is to survive and flourish, national governments must distribute more equally the benefits of international investment and trade.
