Suchergebnisse

Intro -- INTERNATIONAL POLITICAL ECONOMY -- INTERNATIONAL POLITICAL ECONOMY -- CONTENTS -- PREFACE -- Chapter 1 CLIMATE CHANGE TRENDS AND GOVERNANCE: HISTORY, CONTRADICTIONS AND PROSPECTS -- ABSTRACT -- 1. HISTORY OF CLIMATE CHANGE AND POLICY -- 2. POLITICAL ECONOMY CONTRADICTIONS OF CLIMATE CHANGE -- 3. POLICY PLANS AND PRIORITIES -- CONCLUSION -- REFERENCES -- Chapter 2 GOVERNANCE, FISCAL POLICY AND ECONOMIC GROWTH -- ABSTRACT -- 1. INTRODUCTION -- 2. GOVERNANCE -- 3. GOVERNANCE AND ECONOMIC GROWTH -- 4. EMPIRICAL ANALYSIS -- CONCLUSION -- REFERENCES -- Chapter 3 SIZE DISTRIBUTION OF THE LARGEST 100 NON-FINANCIAL MULTINATIONALS -- ABSTRACT -- 1. INTRODUCTION -- 2. METHODOLOGY -- 3. RESULTS -- CONCLUSION -- REFERENCES -- Chapter 4 EFFECTS OF THE TRANSVERSAL FOREIGN DIRECT INVESTMENT ON THE PRODUCTIVITY OF THE MEXICAN ECONOMY -- ABSTRACT -- 1. INTRODUCTION -- 2. THEORY DEVELOPMENT -- 3. METHODOLOGY -- 4. RESULTS -- CONCLUSION -- REFERENCES -- ANNEX I -- Chapter 5 FINANCIAL GLOBALIZATION AND PERIPHERAL STRATEGIES: RECENT EXPERIENCES IN LATIN AMERICA AND LESSONS FROM ASIA -- ABSTRACT -- 1. INTRODUCTION -- 2. WHAT HAS HAPPENED TO THE FINANCIAL WORLD SINCE BRETTON WOODS? -- 3. PERIPHERAL STRATEGIES IN THE FACE OF FINANCIAL INSTABILITY -- 4. TOWARDS THE GLOBAL FINANCIAL CRISIS -- 5. FINAL REMARKS -- REFERENCES -- Chapter 6 FINANCIAL AND TRADE LIBERALIZATION AND THEIR IMPACT ON PRIVATE SECTOR INVESTMENT IN TURKEY -- ABSTRACT -- 1. INTRODUCTION -- 2. TURKISH ECONOMIC BACKGROUND -- 3. FINANCIAL LIBERALISATION AND ITS IMPACT ON GROSS FIXED CAPITAL FORMATION -- 4. LIBERALIZATION PROGRAMMES AND THEIR IMPACT ON ECONOMIC GROWTH AND GROSS FIXED CAPITAL FORMATION -- 4.1. Test of Financial and Trade Liberalization on Real GDP Growth Rate -- 4.2. Test of Financial and Trade Liberalization on Gross Fixed Capital Formation Share of GDP.

Abstract
The article examines the extent to which concessionary rights are protected under three different branches of international law; traditional customary law, the case law of the European Court of Human Rights, and arbitral practice under investment treaties. It reveals clear similarities with respect to when such rights are considered protected. However, it simultaneously argues that case law under investment treaties tends to adopt a less nuanced approach to the nature of such rights, almost invariably assuming them to constitute a kind of property. This again entails that the investor/concessionaire is seen to have a right to performance, and in effect to protection of his expectation interest. The article shows how this stands in contrast with a more nuanced perspective under the property provision of the echr, which better reflects the complexities of the issue under municipal law. While a failure to sufficiently respect an investor's legitimate expectations may entail liability for the state, it is not necessarily comparable to expropriation of property and will usually entail only that the investor has a right to recover his reliance loss. The article argues that this may be reflective of a more general tendency in international investment law and arbitration also pointed to by others, where the modality of protection under investment treaties threatens to distort important nuances and concerns and overprotect foreign investment compared to other private rights and interests under municipal law.