9781139976626 (ebook) 9781107081741 (hardback) 9781107442061 (paperback)
This text explores how the public purpose doctrine reconciles the often conflicting, but equally binding, obligations that states have to engage in regulatory sovereignty while honoring host-state obligations to protect foreign investment. The work examines the multiple permutations and iterations of the public purpose doctrine and concludes that this principle needs to be reconceptualized to meet the imperatives of economic globalization and of a new paradigm of sovereignty that is based on the interdependence, and not independence, of states. It contends that the historical expression of the public purpose doctrine in customary and conventional international law is fraught with fundamental flaws that, if not corrected, will give rise to disparities in the relationship between investors and states, asymmetries with respect to industrialized nations and developing states, and, ultimately, process legitimacy concerns.
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Formatted Contents Note
Introduction and sketch of historical origins Public purpose in NAFTA Identifying public purpose in customary international law : select international instruments Defining the profile of the public purpose doctrine in human rights conventions The complex interaction between the public purpose doctrine and BITs : discerning order and structure Permanent sovereignty over natural resources The role of public purpose in foreign investment protection statutes : can FIPS rehabilitate the doctrine?