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Více informací o knize Bounded Rationality and Economic Diplomacy

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Anotace knihy

Modern investment treaties give private arbitrators comprehensive jurisdiction to determine whether governments should pay compensation to foreign investors for a wide range of sovereign acts. In recent years developing countries particularly have incurred significant liabilities from investment treaty arbitration, which begs the question why they signed the treaties in the first place? Through a comprehensive and timely analysis, this book shows that developing country governments typically overestimated the economic benefits of investment treaties and practically ignored their risks. Rooted in insights on bounded rationality from behavioural economics and psychology, the analysis highlights how policy-makers often relied on inferential shortcuts when assessing the implications of the treaties, which resulted in predictable deviations from fully rational behaviour. This not only sheds new light on one of the most controversial legal regimes underwriting economic globalisation, but also provides a novel theoretical account of the often irrational, yet predictable, nature of economic diplomacy.

Parametry knihy

Zařazení knihy Knihy v angličtině Society & social sciences Society & culture: general Social issues & processes

• Plný název: Bounded Rationality and Economic Diplomacy
• Podnázev: The Politics of Investment Treaties in Developing Countries
• Autor: Lauge N. Skovgaard Poulsen
• Jazyk: Angličtina
• Vazba: Pevná
• Počet stran: 264
• EAN: 9781107119536
• ISBN: 1107119537
• ID: 09265733
• Nakladatelství: Cambridge University Press
• Hmotnost: 500 g
• Rozměry: 162 × 236 × 23 mm
• Datum vydání: 21. August 2015

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