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Smart Flexibility Clauses in International Investment Treaties and Sustainable Development: A Functional View

机译:国际投资条约和可持续发展中的智能灵活性条款:功能观点

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摘要

A major challenge for investment treaty designers and adjudicators is to separate opportunistic behavior by host states that should be sanctioned under international law from bona fide public policy measures that should not. This article suggests that international investment agreements (IIAs) need to be both 'smarter' and more 'flexible' to better make that distinction. It draws on economic contract theory as a basic framework, and political economy theory for fine-tuning.
机译:投资条约设计者和裁决者面临的主要挑战是将应根据国际法予以制裁的东道国的机会主义行为与不应接受的善意公共政策措施区分开来。本文建议,国际投资协议(IIA)必须既“智能”又更加“灵活”,以更好地进行区分。它以经济合同理论为基本框架,并以政治经济学理论为基础进行微调。

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