Emerging Countries and the Shift in the International Investment Paradigm

Authors

DOI:

https://doi.org/10.14393/RFADIR-50.2.2022.64327.175-200

Keywords:

New Paradigm, International Investments, Emerging Countries, Financial G20, International Investment Law

Abstract

The article aims to recognize the existence of a new international investment paradigm. This paradigm, which started in the XXI century, results from the repositioning of emerging countries. The work is structured in two parts. First, it highlighted the recognition of a specific group of emerging countries, which have economic, political, legal importance and in the international relations. This group corresponds to the eleven countries in the Financial G20, which qualify as the G11. In a second moment, it analysed the recognition of a new paradigm of international investments, guided by more balanced bilateral agreements, at the bilateral level, new comprehensive regional agreements, involving themes of trade liberalization and investment, and, primarily, by the leadership of the emerging economies in the Financial G20 and WTO Ministerial Conferences on facilitating and promoting investment. Such changes in the paradigm have repercussions on the International Investment Law, by incorporating the need for a contemporary debate for a reform of its institutes in order to meet the greater repositioning of emerging economies in the international system.

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Author Biography

Thiago Ferreira Almeida, Faculté de Droit de l'Université de Genève (UNIGE)

Brazilian Ph.D. researcher invited to the Faculty of Law of University of Geneva (UNIGE), Switzerland,
under the supervision of the Professor Dr. Makane Mbengue. He is also a Ph.D. student of International Investment Law at the Federal University of Minas Gerais (UFMG), Brazil. Professor of MBA of Infrastructure, Concessions and Public-Private Partnerships at Pontifical Catholic University (PUC Minas) and of the Summer Course 2022 - Jean Monnet Center of Excellence at the Federal University of Minas Gerais, Brazil. Thiago was awarded with a full scholarship in the 1st Winter Course of The Hague Academy of International Law, The Netherlands (2019). Career civil servant of Minas Gerais State, Brazil (2011-2021). Master in International Law at UFMG (2014); Bachelor in Law at UFMG, Brazil (2012); Bachelor in Public Management at João Pinheiro Foundation, Brazil (2010); Specialization in Economics at the University of Turin, Italy (2009). Among their experiences, he was responsible to prospect international and national resources for the Public Healthcare System with IDB, CAF and BNDES, and for modeling and coordinate PPPs in different areas of the public sector.

Published

2023-07-12

How to Cite

Ferreira Almeida, T. (2023). Emerging Countries and the Shift in the International Investment Paradigm . Journal of the Faculty of Law of the Federal University of Uberlândia, 50(2), 175–200. https://doi.org/10.14393/RFADIR-50.2.2022.64327.175-200