Should Investment Treaties Contain Public Policy Exceptions?

Why Should I Believe You? The Costs and Consequences of Bilateral Investment Treaties

Bilateral Investment Treaties (BITs) are the primary legal mechanism protecting foreign direct investment (FDI) around the world. BITs are thought to encourage FDI by establishing a broad set of investor’s rights and by allowing investors to sue a host state in an international tribunal if these rights are violated. Perhaps surprisingly, the empirical literature connecting BITs to FDI flows has...

Bilateral Investment Treaties and Domestic Institutions

Bilateral Investment Treaties and International Integration

This paper studies how bilateral investment treaties (BITs) affect the trade integration between partner countries. While the overall results from the full sample show that BIT signing is associated with an increase in overall imports that is generally smaller than the effect of WTO membership, BIT signing is found to have a considerable effect on capital goods imports and on imports of differe...

bilateral investment treaties

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Regulation, Public Policy, and Investment in Communications Infrastructure

Regulation and other forms of public policy toward infrastructure industries were and are designed to support the necessary large-scale investment. Throughout history, with few exceptions, rather pragmatic approaches guided policies. A more rigorous lens was only applied more recently although it often focuses on narrow aspects of regulation. In contrast, this paper develops a broader, integrat...