<i>The Past and Future of the Great Compact: White &amp; Case International Arbitration Lecture (Lamm Lecture, University of Miami School of Law, 9 February 2017)</i>
Journal: ICSID Review - Foreign Investment Law Journal
Year: 2018

The architecture of the world order that was constructed from the ruins of the Second World War has preserved a precarious peace, while allowing historically unprecedented economic growth. In his Nobel Peace Prize speech, Barack Obama warned that ‘[a] decade into a new century, this old architecture is buckling under the weight of new threats’. It is dispiriting to reflect on how prescient Obama’s words, delivered in 2009, were. Even allowing for the fact that at any moment there will be contrar