Political Risk and International Investment Law

IF 9.7 1区社会学 Q1 POLITICAL SCIENCE

Annual Review of Political Science Pub Date : 2022-02-25 DOI:10.1146/annurev-polisci-051120-014429

Carolina Moehlecke, R. Wellhausen

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引用次数: 3

Abstract

International investment law provides a means for states to mitigate political risks that foreign investors face inside their borders. Its status quo includes thousands of international investment agreements (IIAs) and Investor–State Dispute Settlement (ISDS), a dispute resolution mechanism in which foreign, private investors sue host states in ad hoc international tribunals in pursuit of monetary compensation for property rights violations. In this review, we survey the vast contemporary literature on this regime to evidence the ways in which scholars have challenged the purported original goals of international investment law and its distributional consequences. In light of this literature's accomplishments, we highlight opportunities for a refocusing of international relations scholars’ research agenda on dynamics of continuity and change in the regime. The status quo in international investment law is fragile, and, in our view, the regime is on the brink of a major shift toward prioritizing state sovereignty well above political risk mitigation. Expected final online publication date for the Annual Review of Political Science, Volume 25 is May 2022. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

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政治风险与国际投资法

国际投资法为各国减轻外国投资者在其境内面临的政治风险提供了一种手段。它的现状包括数以千计的国际投资协定(iia)和投资者-国家争端解决机制(ISDS)，这是一种争端解决机制，外国私人投资者在特设国际法庭起诉东道国，以寻求财产权侵犯的货币赔偿。在这篇综述中，我们调查了大量关于这一制度的当代文献，以证明学者们挑战国际投资法的所谓原始目标及其分配后果的方式。鉴于这些文献的成就，我们强调了国际关系学者的研究议程重新聚焦于政权连续性和变化的动态的机会。国际投资法的现状是脆弱的，在我们看来，该政权正处于一个重大转变的边缘，即将国家主权置于政治风险缓解之上。预计《政治学年度评论》第25卷的最终在线出版日期为2022年5月。修订后的估计数请参阅http://www.annualreviews.org/page/journal/pubdates。

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

Annual Review of Political Science POLITICAL SCIENCE-

CiteScore

15.20

自引率

4.60%

发文量

期刊介绍： The Annual Review of Political Science has been published since 1998 to provide comprehensive coverage of critical advancements in the field. It encompasses a wide range of subjects within Political Science, such as political theory and philosophy, international relations, political economy, political behavior, American and comparative politics, public administration and policy, and methodology.