Abstract
The attempts by states to create a framework for international investments that balanced the interests of developed and developing countries began at the multilateral level. Regulation of foreign investment at the multilateral level, in which developing countries participated, was first sought at the United Nations during the 1960s and 1970s and then at the World Trade Organization (WTO) during 1996 until 2003. The forming of coalitions of developing countries was responsible for their interests’ being taken into account in the creation of such a framework. Susan Strange’s view of relative power is used to point out how developing countries, even if to a lesser degree than developed countries, managed to influence the creation of a framework for international investments that would do justice to their interests.
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Gwynn, M.A. (2016). Relative Power in the Regulation of International Investments at the Multilateral Level. In: Power in the International Investment Framework. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-57143-4_3
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DOI: https://doi.org/10.1057/978-1-137-57143-4_3
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