Although the World Trade Organization (WTO) is a powerful vehicle for promoting economic development, the Uruguay Round has been perceived by developing country WTO members as an unequal bargain. Especially with respect to agriculture, the Uruguay Round yielded only limited concessions. In...

In September 2006, a group of Italian holders of Argentine defaulted debt submitted a request for arbitration to the International Centre for Settlement of Investment Disputes (ICSID), claiming that Argentina's actions in connection with debt issued by it and held by the Italian claimants...