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the WTO is meeting with considerable resistance on the part of developing countries. The proponents of such a multilateral … existing arrangements would be replaced. A "WTO plus"-type framework appears to be the more realistic outcome of negotiations …, with a multilateral agreement defining the smallest common denominator of WTO members and more substantive agreements with …
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When an investor sues a state for alleged breaches of its obligations under an investment treaty or a trade agreement with investment provisions, all that should matter for who wins the case are the merits of the claim itself. Alas, investor-to-state dispute settlement (ISDS) does not take place...
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Estimating two-step selection models, we find that more democratic governments are more likely to conclude preferential trade agreements (PTAs) and to agree to stricter investment provisions related to pre-establishment national treatment and investor-state dispute settlement in PTAs. This is...
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