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Shifting Paradigms in International Investment LawMore Balanced, Less Isolated, Increasingly Diversified$
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Steffen Hindelang and Markus Krajewski

Print publication date: 2016

Print ISBN-13: 9780198738428

Published to Oxford Scholarship Online: April 2016

DOI: 10.1093/acprof:oso/9780198738428.001.0001

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Towards a More Comprehensive Approach in International Investment Law

Towards a More Comprehensive Approach in International Investment Law

Chapter:
(p.1) Towards a More Comprehensive Approach in International Investment Law
Source:
Shifting Paradigms in International Investment Law
Author(s):

Steffen Hindelang

Markus Krajewski

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198738428.003.0001

In the midst of the current turbulent state of international investment law—one of ‘transition’—the fundamental paradigms underpinning the field are increasingly giving way to new ones of a more complex, heterogeneous, or ambiguous nature. Once preoccupied with the protection of private property against political risk, with the economic interests of individual investors of paramount importance to the system, investment law is facing a profound, long-term recalibration towards a more balanced, less isolated, and increasingly diversified regime with regard to regulatory approaches. These new comprehensive approaches, informed by and embodied best in the term ‘sustainable development’, lie at the heart of this contribution and are considered working hypotheses, each to be examined by the book’s contributions; the contents of which are set out along general lines in this introduction.

Keywords:   Sustainable development, international investment law, UNCTAD, Investment Policy Framework for Sustainable Development, Investor–State Dispute Settlement

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