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Investment Protection Along the Belt and Road / Priyanka Kher.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Kher, Priyanka.
- Series:
- Other Papers.
- World Bank e-Library.
- Other papers
- Language:
- English
- Subjects (All):
- Foreign Direct Investment.
- International Law.
- Law and Development.
- Risk Management.
- Settlement of Investment Disputes.
- Treaties.
- Local Subjects:
- Foreign Direct Investment.
- International Law.
- Law and Development.
- Risk Management.
- Settlement of Investment Disputes.
- Treaties.
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- Summary:
- This paper examines the level of investment protection for selected countries along the Belt andRoad Initiative (BRI), based on coding the textual content of 17 investment laws and 648international investment agreements (IIAs). We find substantial heterogeneity in the levels ofprotection provided in the reviewed laws and IIAs, and consequently along the same BRI corridorsand projects. Moreover, the current lack of effective enforcement - as shown by past treatyviolations and lack of efficient domestic court systems - poses an additional layer of risk forinvestors. Substantive improvements and harmonization in standards of treatment and recoursemechanisms in these legal instruments can help reduce investment risks. Given the scale of plannedinvestments, to minimize dispute risks, BRI governments will need to ensure full understandingof their law and treaty commitments and strengthen the capacity to enforce them.
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