State Measures Affecting the Property of Foreign Investors: Expropriation or Regulation ?

Year 2011, Volume: 4 Issue: 2, 93 - 152, 01.06.2011

Rabia Cihan Aydoğan

Abstract

The erosion of the borders and market barriers, the reduction in the costs of transportation and communications which are driving forces of globalization are making the world smaller. Advances in economy, technology and politics create interdependence between countries. Corporations, as well as individuals, have important responsibilities to achieve the general raising welfare and sustainable development. Today there is no question on the significance of foreign investments on economic development. Especially for the developing countries whose economic development depends to a large extent on private foreign capital, it is so important to create a satisfactory and stable climate for the flow of foreign investment. There has been a general tendency in international protection of foreign property to transfer domestic norms of property protection on to the international sphere. The fundamental purpose of this movement is to promote the economic development by ensuring the high standard protection to foreign investment.

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