This paper develops a two-country Kaleckian model in which "Northern" firms invest a fixed fraction of total investment in foreign affiliates in the low-wage "South" in order to offshore the production of intermediate goods over time and lower overall labour costs. On the back of this setup...

The question of the admissibility of illegal or inappropriate evidence tests the limits of procedural flexibility of the arbitral process. Balancing admissibility requires a case-by-case approach. Tribunals will have to balance (or ‘weigh’) the substance of such documents with procedural...