Literature on the investment treaty regime has shown little interest in diplomatic interests and agendas as drivers of treaty negotiations. This contrasts with other work on international economic relations, such as the negotiation of preferential trade agreements. Our paper fills this gap...

Using a novel econometric estimator and extensive firm-level surveys, we show that foreign firms' experiences at the hands of host governments tend to be as good, or better, than those reported by their domestic counterparts. Even when foreign firms are exposed to significant political risks in...

Empirical research on the impact of investment treaties has focused almost exclusively on their effect on foreign investment, with mixed results. Yet, another important promise of the treaties has been ignored altogether. Architects of the investment treaty regime, as well as many current...

Literature on the investment treaty regime has shown little interest in diplomatic interests and agendas as drivers of treaty negotiations. This contrasts with other work on international economic relations, such as the negotiation of preferential trade agreements. Our paper fills this gap...

Using a novel econometric estimator and extensive firm-level surveys, we show that foreign firms' experiences at the hands of host governments tend to be as good, or better, than those reported by their domestic counterparts. Even when foreign firms are exposed to significant political risks in...

Empirical research on the impact of investment treaties has focused almost exclusively on their effect on foreign investment, with mixed results. Yet, another important promise of the treaties has been ignored altogether. Architects of the investment treaty regime, as well as many current...

The paper discusses various milestones in the process of multilateral trade negotiations, pinpoints current challenges facing the world trading order, and proposes possible ways out of the persistent impasse. Hufbauer argues that the success of the multilateral approach is at least partly...