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Open Access. Powered by Scholars. Published by Universities.®

University of Michigan Law School

2017

Comparative and Foreign Law

Series

Arbitration

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Full-Text Articles in Law

International Investment Law Through The Lens Of Global Justice, Steven Ratner Nov 2017

International Investment Law Through The Lens Of Global Justice, Steven Ratner

Law & Economics Working Papers

The last decade has witnessed a series of criticisms from states, NGOs, and scholars of international investment law’s rules and procedures. Running in parallel, and for a longer period, political philosophers have developed theories about what would constitute a just international economic order. Yet international law and philosophy have not directly engaged with one another regarding the justice of international investment law. This article attempts to breach that gap by analyzing the key critiques of investment law from the perspective of theories of global justice. Philosophical approaches are useful for appraising investment law because they offer a rigorous framework for …