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QUESTIONING LEGAL IMPLICATIONS OF INTERNATIONAL INVESTMENT AG-REEMENTS IN DEVELOPMENT PERSPECTIVE

Year 2019, , 213 - 224, 09.04.2019
https://doi.org/10.18092/ulikidince.504431

Abstract

Much debate is ongoing
regarding International Investment Agreement (IIA) Regime. One of the issues is
its effect on economic development strategies of developing countries.
This paper aims to examine International Investment
Agreements by questioning its legal implications in development perspective. By
using a qualitative research design, it addresses each provision that is
considered to have an impact on the issues of development and presents the
development problems faced in the application of IIAs. Findings suggest that
decades of experience shows unexpected results in application of certain
clauses and legal implications of IIAs is insufficient in producing benefits
for economic development in developing countries. For the future, nevertheless,
there is still a room for improvement through renegotiation of the treaties. 

References

  • Berger, A. (2015). Developing Countries and the Future of the International Investment Regime, Deutsche Gesellschaft fürInternationale Zusammenarbeit (GIZ) GmbH, Berlin.
  • Coyle, J. F. (2012). Treaty of Friendship, Commerce and Navigation in the Modern Era, The Colum-bia Journal of Transnational Law, 51, 302.
  • Dang, G., Sui L. (2015). Infrastructure Investments in Developing Economies, Springer, Singapore.
  • Dolzer, R. and C. Schreuer (2008), Principles of International Investment Law, Oxford University Press, Oxford and New York.
  • Ekonomi Bakanlığı. (2018). Yatırımların Karşılıklı Teşviki ve Korunması Anlaşmaları, Erişim: www.ekonomi.gov.tr (01.06.2018)
  • Peterson, L.E. (2004). Bilateral Investment Treaties and Development Policy-Making, International Institute for Sustainable Development, Winnipeg.
  • Salacuse, J. W. (2013). The Three Laws of International Investment. Oxford University Press, New York
  • Seers, D. (1969). The Meaning of Development. International Development Review, 11(4), 3–4.
  • Spears, S. A. (2010), The Quest for Policy Space in a New Generation of International Investment Agreements, Journal of International Economic Law. Volume 13, Number 4, pp. 1037–1075.
  • Todaro, M. and Smith, S. (2009). Economic Development. 10th edition. Addison Wesley, Boston.
  • UNCTAD (2010). Most-Favoured-Nation Treatment: A Sequel, UNCTAD Series on Issues in Internati-onal Investment Agreements. New York and Geneva.
  • UNCTAD (2015), World Investment Report 2015. Reforming International Investment Governance, United Nations, Geneva and New York.
  • UNCTAD (2017a) World Investment Report 2017: Investment And The Digital Economy. United Na-tions. New York and Geneva.
  • UNCTAD (2017b) UNCTAD’s Reform Package for International Investment Regime, United Nations, New York and Geneva.Williams, Z. (2014), Risky Business or Risky Politics: What Explains Investor–State Disputes?, In-vestment Treaty News Volume 5, Number 3, International Institute for Sustainable Deve-lopment, Geneva.World Bank. (1991). World Development Report 1991: The Challenge of Development. Washington, D.C.World Bank. (2000). Entering the 21st century—World Development Report 1999/2000. Oxford University Press, New York

QUESTIONING LEGAL IMPLICATIONS OF INTERNATIONAL INVESTMENT AGREEMENTS IN DEVELOPMENT PERSPECTIVE

Year 2019, , 213 - 224, 09.04.2019
https://doi.org/10.18092/ulikidince.504431

Abstract

Uluslararası Yatırım Anlaşmaları Rejimi konusunda
devam eden pek çok tartışma bulunmaktadır. Bunlardan birisi gelişmekte olan
ülkelerin kalkınma stratejileri üzerindeki etkisidir. Bu çalışma, Uluslararası
Yatırım Anlaşmalarının hukuki çıkarımlarını kalkınma perspektifinden sorgulamayı
amaçlamaktadır. Çalışma niteliksel bir yapıya sahip olup, kalkınma konuları ile
ilgili olduğu düşünülen her bir anlaşma maddesini irdelemekte ve bu bağlamda
anlaşmaların uygulamasında karşılaşılan sorunları ortaya koymaktadır. Bulgular,
yıllarca süren deneyim ile beraber bazı anlaşma maddelerinin beklenmedik
sonuçlar yarattığını ve anlaşmaların hukuki çıkarımlarının gelişmekte olan
ülkeler için kalkınma açısından fayda üretmekte yetersiz kaldığını
önermektedir. Bununla beraber, gelecek için anlaşmaların yeniden müzakere
edilmesi yönünde hala fırsatlar bulunmaktadır.

References

  • Berger, A. (2015). Developing Countries and the Future of the International Investment Regime, Deutsche Gesellschaft fürInternationale Zusammenarbeit (GIZ) GmbH, Berlin.
  • Coyle, J. F. (2012). Treaty of Friendship, Commerce and Navigation in the Modern Era, The Colum-bia Journal of Transnational Law, 51, 302.
  • Dang, G., Sui L. (2015). Infrastructure Investments in Developing Economies, Springer, Singapore.
  • Dolzer, R. and C. Schreuer (2008), Principles of International Investment Law, Oxford University Press, Oxford and New York.
  • Ekonomi Bakanlığı. (2018). Yatırımların Karşılıklı Teşviki ve Korunması Anlaşmaları, Erişim: www.ekonomi.gov.tr (01.06.2018)
  • Peterson, L.E. (2004). Bilateral Investment Treaties and Development Policy-Making, International Institute for Sustainable Development, Winnipeg.
  • Salacuse, J. W. (2013). The Three Laws of International Investment. Oxford University Press, New York
  • Seers, D. (1969). The Meaning of Development. International Development Review, 11(4), 3–4.
  • Spears, S. A. (2010), The Quest for Policy Space in a New Generation of International Investment Agreements, Journal of International Economic Law. Volume 13, Number 4, pp. 1037–1075.
  • Todaro, M. and Smith, S. (2009). Economic Development. 10th edition. Addison Wesley, Boston.
  • UNCTAD (2010). Most-Favoured-Nation Treatment: A Sequel, UNCTAD Series on Issues in Internati-onal Investment Agreements. New York and Geneva.
  • UNCTAD (2015), World Investment Report 2015. Reforming International Investment Governance, United Nations, Geneva and New York.
  • UNCTAD (2017a) World Investment Report 2017: Investment And The Digital Economy. United Na-tions. New York and Geneva.
  • UNCTAD (2017b) UNCTAD’s Reform Package for International Investment Regime, United Nations, New York and Geneva.Williams, Z. (2014), Risky Business or Risky Politics: What Explains Investor–State Disputes?, In-vestment Treaty News Volume 5, Number 3, International Institute for Sustainable Deve-lopment, Geneva.World Bank. (1991). World Development Report 1991: The Challenge of Development. Washington, D.C.World Bank. (2000). Entering the 21st century—World Development Report 1999/2000. Oxford University Press, New York
There are 14 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Kerem Tuzlu 0000-0003-1572-3810

Publication Date April 9, 2019
Published in Issue Year 2019

Cite

APA Tuzlu, K. (2019). QUESTIONING LEGAL IMPLICATIONS OF INTERNATIONAL INVESTMENT AG-REEMENTS IN DEVELOPMENT PERSPECTIVE. Uluslararası İktisadi Ve İdari İncelemeler Dergisi(23), 213-224. https://doi.org/10.18092/ulikidince.504431


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