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- Title
Investor-State Dispute Settlement Systems in Emerging Mega-Integration Blocs.
- Authors
Jovanović, Miroslav N.
- Abstract
Emerging mega-integration blocs, such as the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership, are evolving outside of the World Trade Organization's influence. Their most contested features are their investor-state dispute settlement (ISDS) systems. This article considers basic features of the ISDS system, the expansion in the number of ISDS cases and the privileged place of corporations vis-à-vis citizens in the law-making process. The arcane private corporation-friendly ISDS system is beyond reparation and it needs to be scrapped. The existing court systems in the self-assured democracies of Europe, North America and Australia are sufficient.
- Subjects
INTERNATIONAL trade dispute resolution; INVESTORS; TRANS-Pacific Partnership; TRANSATLANTIC Trade &; Investment Partnership; WORLD Trade Organization; FOREIGN investments; INTERNATIONAL business enterprises
- Publication
Australian Economic Review, 2017, Vol 50, Issue 2, p152
- ISSN
0004-9018
- Publication type
Article
- DOI
10.1111/1467-8462.12197