UNCTAD’s world investment reports 1991–2015: 25 years of narratives justifying and balancing foreign investor rights

Nicolás M. Perrone

Research output: Contribution to journalReview articlepeer-review

2 Citations (Scopus)

Abstract

This article examines an influential narrative of foreign investor rights and the international investment regime. It draws on twenty-five of the World Investment Reports (WIRs) issued by the United Nations Conference on Trade and Development (1991–2015). It argues that the justifications provided by these reports have contributed to shaping a global commodity conception of property. These WIRs describe foreign investor rights following a narrative of wealth maximisation by transnational corporations (TNCs), and focus on a TNC-assisted restructuring of host states and local communities. Since the mid-2000s, these reports have balanced this narrative because of the increasing consensus that international investment treaties unduly constrain regulatory space. Ultimately, however, this article shows that the recent WIRs promote an approach to public regulation that is not inconsistent with a global commodity conception of property.

Original languageEnglish
Pages (from-to)7-40
Number of pages34
JournalJournal of World Investment and Trade
Volume19
Issue number1
DOIs
Publication statusPublished - 1 Jan 2018
Externally publishedYes

Keywords

  • Development
  • Foreign direct investment
  • International investment law
  • Multinational corporations
  • Property

ASJC Scopus subject areas

  • Business and International Management
  • Political Science and International Relations
  • Economics, Econometrics and Finance(all)
  • Law

Fingerprint

Dive into the research topics of 'UNCTAD’s world investment reports 1991–2015: 25 years of narratives justifying and balancing foreign investor rights'. Together they form a unique fingerprint.

Cite this