Emerging Countries and the Adaptions of the International Investment Law
DOI:
https://doi.org/10.14393/RFADIR-v49n2a2021-64325Keywords:
International Investment Law, International Investments, Emerging Countries, Multilateral Banks, DevelopmentAbstract
The article aims to recognize the adaptations of International Investment Law from the repositioning of emerging countries, in which they qualify as new exporters and still traditional importers of capital. The present work carries out five different analyzes to demonstrate the adaptations to be carried out by this legal system. It begins with the study of International Investment Law as an integral part of Public International Law. Afterwards, it starts with a legal-historical understanding and the third world approach to International Law to recognize the perpetuation of a hegemonic and imperialist system in the international relations of investments. Contemporary analysis is added to supersede its current fragmentary system and, finally, it recognizes the role of multilateral banks in promoting the development of emerging countries. The article concludes by the relevance of reforming International Investment Law from the perspective of emerging countries, with the aim of achieving a more balanced international legal system.
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Copyright (c) 2021 Journal of the Faculty of Law of the Federal University of Uberlândia
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