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Bounded rationality and economic diplomacy : the politics of investment treaties in developing countries /
"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 arbitratio...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge, United Kingdom :
Cambridge University Press,
2015.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | "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."--Provided by publisher |
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| Descripción Física: | 1 online resource (xvi, 247 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 206-234) and index. |
| ISBN: | 9781316439661 1316439666 9781316401941 1316401944 9781316436820 1316436829 9781316438244 110755201X 9781107552012 9781316435403 1316435407 1316438244 |