This long-awaited volume featuring contributions from top African international lawyers and voices from the continent critically explores the notion of international investment law from an African perspective. It does so by confronting some of the very hard questions with regard to the relationship between international investment and development that have either eluded or not been properly addressed in contemporary scholarships. After many years of popularity, investment treaties have recently caused increasing concern among States, most prominently for the unbalanced nature of their content, the often inadequate safeguard of the regulatory powers of the host State and the shortcomings of international investment arbitration. Some States have upgraded their investment treaties, others have revised their investment treaty model, and others have opted for facilitation agreements. This innovative monograph critically explores all these contentious issues from a multidisciplinary perspective.
abuses. The chapter projects
the confluence of business with human rights as the platform for
sustainable investmentanddevelopment in Nigeria. We demonstrate
the commitment of the business community to human rights values and
informed local communities as cornerstones of a redefined human
1 Reforms and investment environment
Over more than thirty years of reform and opening, the Chinese Communist Party has pursued the gradual marketization of China’s economy alongside the preservation of a resiliently authoritarian political system, defying long-standing predictions that ‘transition’ to a market economy would catalyse deeper political transformation. In an era of deepening synergy between authoritarian politics and finance capitalism, Communists constructing capitalism offers a novel and important perspective on this central dilemma of contemporary Chinese development. This book challenges existing state–market paradigms of political economy and reveals the Eurocentric assumptions of liberal scepticism towards Chinese authoritarian resilience. It works with an alternative conceptual vocabulary for analysing the political economy of financial development as both the management and exploitation of socio-economic uncertainty. Drawing upon extensive fieldwork and over sixty interviews with policymakers, bankers, and former party and state officials, the book delves into the role of China’s state-owned banking system since 1989. It shows how political control over capital has been central to China’s experience of capitalist development, enabling both rapid economic growth whilst preserving macroeconomic and political stability. Communists constructing capitalism will be of academic interest to scholars and graduate students in the fields of Chinese studies, social studies of finance, and international and comparative political economy. Beyond academia, it will be essential reading for anyone interested in the evolution of Chinese capitalism and its implications for an increasingly central issue in contemporary global politics: the financial foundations of illiberal capitalism.
strongly influenced the discussions creating the AU were Thabo Mbeki and Olusegun Obasanjo. Mbeki was concerned that the international perception of the OAU protecting African dictators hurt its goal of achieving economic development, and he was most interested in transforming the international image of Africa in order to enhance investmentanddevelopment. To do this Mbeki drew on the long history of pan-Africanism, calling on African states to conclude the work of earlier pan-Africanist movements and re-invent the African state to take its rightful place in
without the means to
finance takeovers and to grow.
The fourth concerns moral contamination. There has always been
some moral ambiguity about financial dealing. The essence of profit in
financial business is often information not available to others. Insider
trading is everywhere condemned – and everywhere practised. Moreover,
the need of big firms for large amounts of credit, whether for investmentanddevelopment or for a takeover – has opened wide new opportunities for big profits for investment banks and others who can arrange the
finance. Big profits, ever more
Health, climate and settlement in colonial Western Australia
Ruth A. Morgan
have pushed projects for investmentanddevelopment on the basis of inadequate research and over-hopeful
assessment’, producing a rhythm of boom and bust since its
colonisation in 1829. 5
Although Western Australia was long the ‘Cinderella’ of the
Australasian colonies as a result, the contributors to this collection
demonstrate that it was not alone in what might be seen as a broader
‘Poor’ Europe’s pathways to empire and globalisation
an investmentanddevelopment strategy, lies at the heart of this book. As a mode of expansion it constituted the primary means by which the metropolitan provinces of the pre-1815 British and Irish Isles accessed the eastern hemisphere of England and later Britain’s world empire.
The emergence of this economy of human capital and its capacity to accumulate financial surpluses offers a number of interpretative perspectives. Firstly, it provides a holistic understanding of the scale of Ireland, Scotland and Wales’s participation in a part of the British Empire that
significant turning point in
relations between the CWC and the state, was the initial proposal for Targeted
Investment in Disadvantaged Areas (TIDA) or, as it became, Revitalising Areas
through Planning, InvestmentandDevelopment (RAPID), and the subsequent
difficulties over its implementation. This is dealt with in detail because it marks
the start of a long-term push to re-assert the prerogative of representative
government – central and local – over what was by then a substantial parallel
infrastructure of local development with ‘participative’ governance and
dynamic and variegated foreign policy that reflected Brazil’s increasingly complicated and intricate insertion into the regional and global political economy. As subsequent chapters will explain, this in turn has impacted how Brazilian foreign policy contests the global structural power game, opening new avenues for engagement grounded in ‘low’ politics fields such as trade, investmentanddevelopment.
The story in this chapter is how Itamaraty’s iron grip on foreign policy formulation and decision making has been eroded over the twenty-five years since the completion
-term investmentanddevelopment programme for Europe. (DGB, 2012)
Voluntaristic nonsense. (IG Metall leader Bertold Huber on the 14 November 2012 European Day of Action and Solidarity)
Germany is the archetypal core Eurozone country. After the launch of the euro, wage moderation helped guarantee competitive advantage for the country within EMU. A number of authorities have associated this outcome with the efficacy of German sectoral bargaining (Hancké, 2013 ; Hassel, 2014 ; Johnston