Format:
1 Online-Ressource (xvi, 247 pages)
,
digital, PDF file(s).
ISBN:
9781316401941
,
9781107552012
,
9781107119536
Content:
Modern investment treaties give private arbitrators power to determine whether governments should pay compensation to foreign investors for a wide range of sovereign acts. In recent years, particularly developing countries have incurred significant liabilities from investment treaty arbitration, which begs the question why they signed the treaties in the first place. Through a comprehensive and timely analysis, this book shows that governments in developing countries typically overestimated the economic benefits of investment treaties and practically ignored their risks. Rooted in insights on bounded rationality from behavioural psychology and economics, the analysis highlights how policy-makers often relied on inferential shortcuts when assessing the implications of the treaties, which resulted in systematic deviations from fully rational behaviour. This not only sheds new light on one of the most controversial legal regimes underwriting economic globalization but also provides a novel theoretical account of the often irrational, yet predictable, nature of economic diplomacy.
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Additional Edition:
ISBN 9781107119536
Additional Edition:
ISBN 9781107552012
Additional Edition:
ISBN 9781107119536
Additional Edition:
Erscheint auch als Poulsen, Lauge Skovgaard Bounded rationality and economic diplomacy Cambridge, United Kingdom : Cambridge University Press, 2015 ISBN 9781107119536
Language:
English
Subjects:
Economics
Keywords:
Entwicklungsländer
;
Investitionsschutzabkommen
;
Politische Entscheidung
;
Investition
;
Geldpolitik
;
Politische Ökonomie
DOI:
10.1017/CBO9781316401941
URL:
Volltext
(lizenzpflichtig)
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