Trends in Investment Treaty Making: Finding Balance between National Sovereignty and Investment Protection

Q4 Social Sciences

Central European Journal of International and Security Studies Pub Date : 2019-09-25 DOI:10.51870/cejiss.a130304

M. Karas

引用次数: 0

Abstract

The debate over the prevalence of nation states as the main actors in the international arena has been going on for the past 40 years. This article focuses on a single aspect of the debate, namely the national sovereignty of states within the neoliberal investment regimes. The argument I make in this article is that while investment treaty-making in the past contributed to limiting the sovereign powers of governments in the domain of investment regulation, recent trends suggest that the states are actively seeking to increase their regulatory space. In order to demonstrate this, I develop a theoretical framework bases on the competing concepts of “right to regulate” and “investment protection”. This framework is subsequently used to compare investment treaties signed in the 1990s with some of the most significant recently signed investment agreements. The analysis shows the way in which the more recent investment treaties increase the regulatory space of the states, which strengthens their national sovereignty.

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投资条约制定的趋势:寻求国家主权与投资保护之间的平衡

关于民族国家作为国际舞台上主要行动者的普遍性的辩论已经持续了40年。本文关注的是辩论的一个方面，即新自由主义投资制度下国家的国家主权。我在这篇文章中提出的论点是，尽管过去的投资条约制定有助于限制政府在投资监管领域的主权权力，但最近的趋势表明，各州正在积极寻求增加监管空间。为了证明这一点，我在“监管权”和“投资保护”这两个相互竞争的概念的基础上建立了一个理论框架。这一框架随后被用来将1990年代签署的投资条约与最近签署的一些最重要的投资协定进行比较。分析表明，最近的投资条约增加了国家的监管空间，从而加强了国家主权。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Central European Journal of International and Security Studies Social Sciences-Political Science and International Relations

CiteScore

0.60

自引率

0.00%

发文量

期刊介绍： The Central European Journal of International and Security Studies (CEJISS) was founded by Mitchell Belfer (Editor in Chief), David Erkomaishvili (Deputy Editor in Chief), Nigorakhon Turakhanova (Head of the Academic Centre) and Petr Kucera, in December 2006, as an autonomous wing of the Department of International Relations and European Studies at Metropolitan University Prague. The initial goal was to develop, and project globally, a uniquely Central European take on unfolding international and security issues. This entailed an initial “out-reach” programme to attract scholars from throughout the four Central European states – the Czech Republic, Hungary, Poland and the Slovak Republic – to participate in the journal as authors and members of the Editorial and (then) Advisory Boards. By the time of the first issue however, it became clear that CEJISS was also capable of acting as a platform for non-Central European scholars to present their academic research to a more regionalised audience. From issue 1:1 in June 2007 until the present, CEJISS has become, quite literally, a two-way street—it helps Central European scholars enter international academia and international scholars enter Central Europe.