Domestic Investment Laws and International Economic Law in the Liberal International Order

<p dir="ltr">International Economic Law (IEL) has largely regulated cross-border trade and investment in the post-WWII world. IEL has become an important part of the Liberal International Order that prescribes a set of rule-based relationships for international cooperation based on p...

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Main Author: Julien Chaisse (19418806) (author)
Other Authors: Georgios Dimitropoulos (19342807) (author)
Published: 2023
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author Julien Chaisse (19418806)
author2 Georgios Dimitropoulos (19342807)
author2_role author
author_facet Julien Chaisse (19418806)
Georgios Dimitropoulos (19342807)
author_role author
dc.creator.none.fl_str_mv Julien Chaisse (19418806)
Georgios Dimitropoulos (19342807)
dc.date.none.fl_str_mv 2023-01-13T09:00:00Z
dc.identifier.none.fl_str_mv 10.1017/s1474745622000404
dc.relation.none.fl_str_mv https://figshare.com/articles/journal_contribution/Domestic_Investment_Laws_and_International_Economic_Law_in_the_Liberal_International_Order/26642215
dc.rights.none.fl_str_mv CC BY 4.0
info:eu-repo/semantics/openAccess
dc.subject.none.fl_str_mv Economics
Economic theory
Law and legal studies
International and comparative law
Law in context
domestic investment laws
foreign direct investment
investment screening mechanisms
liberal international order
dc.title.none.fl_str_mv Domestic Investment Laws and International Economic Law in the Liberal International Order
dc.type.none.fl_str_mv Text
Journal contribution
info:eu-repo/semantics/publishedVersion
text
contribution to journal
description <p dir="ltr">International Economic Law (IEL) has largely regulated cross-border trade and investment in the post-WWII world. IEL has become an important part of the Liberal International Order that prescribes a set of rule-based relationships for international cooperation based on political liberalism, economic liberalism, and liberal internationalism. However, economic globalization has witnessed a relative decline, especially after the 2008 global financial crisis and the COVID-19 pandemic. This form of ‘de-globalization’ challenges the assumptions upon which modern IEL is premised. This introductory article to the special issue on ‘Domestic Investment Laws and International Economic Law in the Liberal International Order’ explains how domestic law has started playing an increasingly important role in regulating foreign investment. Often overlooked instruments such as Domestic Investment Laws, Investment Screening Mechanisms, and Investment Promotion Agencies are now important tools in promoting or restricting foreign investment flows. Expanding on this premise, the article examines the transition from international to domestic in the Liberal International Order with a focus on Domestic Investment Laws. The move to domestic law does not signal a new era of economic isolation for States. Instead, it presents an effort to achieve similar ends of attracting foreign investors using different means while exercising more control over foreign investment.</p><h2>Other Information</h2><p dir="ltr">Published in: World Trade Review<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1017/s1474745622000404" target="_blank">https://dx.doi.org/10.1017/s1474745622000404</a></p>
eu_rights_str_mv openAccess
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identifier_str_mv 10.1017/s1474745622000404
network_acronym_str Manara2
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oai_identifier_str oai:figshare.com:article/26642215
publishDate 2023
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spelling Domestic Investment Laws and International Economic Law in the Liberal International OrderJulien Chaisse (19418806)Georgios Dimitropoulos (19342807)EconomicsEconomic theoryLaw and legal studiesInternational and comparative lawLaw in contextdomestic investment lawsforeign direct investmentinvestment screening mechanismsliberal international order<p dir="ltr">International Economic Law (IEL) has largely regulated cross-border trade and investment in the post-WWII world. IEL has become an important part of the Liberal International Order that prescribes a set of rule-based relationships for international cooperation based on political liberalism, economic liberalism, and liberal internationalism. However, economic globalization has witnessed a relative decline, especially after the 2008 global financial crisis and the COVID-19 pandemic. This form of ‘de-globalization’ challenges the assumptions upon which modern IEL is premised. This introductory article to the special issue on ‘Domestic Investment Laws and International Economic Law in the Liberal International Order’ explains how domestic law has started playing an increasingly important role in regulating foreign investment. Often overlooked instruments such as Domestic Investment Laws, Investment Screening Mechanisms, and Investment Promotion Agencies are now important tools in promoting or restricting foreign investment flows. Expanding on this premise, the article examines the transition from international to domestic in the Liberal International Order with a focus on Domestic Investment Laws. The move to domestic law does not signal a new era of economic isolation for States. Instead, it presents an effort to achieve similar ends of attracting foreign investors using different means while exercising more control over foreign investment.</p><h2>Other Information</h2><p dir="ltr">Published in: World Trade Review<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1017/s1474745622000404" target="_blank">https://dx.doi.org/10.1017/s1474745622000404</a></p>2023-01-13T09:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1017/s1474745622000404https://figshare.com/articles/journal_contribution/Domestic_Investment_Laws_and_International_Economic_Law_in_the_Liberal_International_Order/26642215CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/266422152023-01-13T09:00:00Z
spellingShingle Domestic Investment Laws and International Economic Law in the Liberal International Order
Julien Chaisse (19418806)
Economics
Economic theory
Law and legal studies
International and comparative law
Law in context
domestic investment laws
foreign direct investment
investment screening mechanisms
liberal international order
status_str publishedVersion
title Domestic Investment Laws and International Economic Law in the Liberal International Order
title_full Domestic Investment Laws and International Economic Law in the Liberal International Order
title_fullStr Domestic Investment Laws and International Economic Law in the Liberal International Order
title_full_unstemmed Domestic Investment Laws and International Economic Law in the Liberal International Order
title_short Domestic Investment Laws and International Economic Law in the Liberal International Order
title_sort Domestic Investment Laws and International Economic Law in the Liberal International Order
topic Economics
Economic theory
Law and legal studies
International and comparative law
Law in context
domestic investment laws
foreign direct investment
investment screening mechanisms
liberal international order