Bounded Rationality and Economic Diplomacy - The Politics of Investment Treaties in Developing Countries

This book examines how developing countries often sign up to highly potent rules underwriting economic globalisation without even realising it.

List of contents

Preface: the curious case of Pakistan; 1. Unanticipated consequences; 2. Bounded rationality and the spread of investment treaties; 3. A difficult beginning; 4. Promoting investment treaties; 5. A less then rational competition; 6. Narcissistic learning; 7. Letting down the guard: a case study; 8. Expanding the bounds of rationality in the investment regime.

About the author

Lauge N. Skovgaard Poulsen is a Lecturer in International Political Economy at University College London.

Summary

Investment treaties have empowered foreign investors to file expensive, controversial, and wide-ranging claims against sovereign states. This book examines why and how the treaties were negotiated based on a novel theory of economic diplomacy rooted in behavioural economics and psychology.

Product details

• Authors: Lauge N. Skovgaard Poulsen, Lauge N. (University College Lo Skovgaard Poulsen, Lauge N. (University College London) Skovgaard Poulsen, Skovgaard Poulsen Lauge N.
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Paperback / Softback
• Released: 30.04.2017
• EAN: 9781107552012
• ISBN: 978-1-107-55201-2
• No. of pages: 263
• Subjects: Social sciences, law, business > Political science > Political science and political education; Globalization, BUSINESS & ECONOMICS / International / General, POLITICAL SCIENCE / Political Economy, POLITICAL SCIENCE / Globalization, LAW / International, LAW / Public, LAW / Commercial / International Trade, Political Economy, International Trade, International economic & trade law, International trade and commerce, Public international law: economic and trade