Edited by Cecilia M. Bailliet
Chapter 9: World peace and international investment: the role of investment treaties and arbitration
The chapter starts with a discussion of whether and how foreign direct investment contributes to peace and development. Against this background, it studies the respective roles of international investment agreements and investment treaty arbitration in terms of their contribution to peace. These studies focus on three main situations. First, the contribution of investment law to the resolution of disputes related to international and internal armed conflicts. Secondly, how investment law can contribute to peace building in post-conflict situation. Finally, how investment law can contribute to peace building more broadly conceived (positive peace). The main findings of the chapter are that international investment law has had very limited peace related functions so far, but that there is a trend and significant potential towards more important contributions. The chapter is based on extensive data regarding investment treaties from the UNCTAD IIA database and investment treaty arbitration from the PITAD Database.
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