The Future for International Investment Arbitration
Journal: Cambridge University Press eBooks
Year: 2021

The architecture of the world order that was constructed from the ruins of the World War II 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 contrary tr