Transformation of the International Investment Agreement Regime: A BRICS Perspective
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The ongoing backlash against the current international investment agreement (IIA) regime calls for policy solutions which not merely strike a good balance between public and private interests in principle but can be translated into workable practice. To explore such solutions, we need to think beyond the box and retreat from the neoliberal orthodoxy. This becomes even more important as we are living in a post-crisis world in which private corporations and investors do not enjoy the level of trust and credibility as they did in the 1990s when the neoliberal globalization was at the peak of its influence and the number of IIAs also…