The Latin American Struggle With the International Law of Foreign Investment: Is It A Demand for A More Balanced System?
Article from: TDM 4 (2009), in Latin America
Latin America is not the largest recipient of foreign investment in the world. In the year 2007, out of $ 1,833 billion of the world's flow of Foreign Direct Investment (FDI), Latin America only attracted $ 126 billion; that is 6.87 % of the global inflow. Yet, the majority of arbitration cases filed by investors against States have had a Latin America country as a defendant. In 2009, out of 124 pending cases at the International Center for Settlement of Investment Disputes (ICSID), 69 cases have been filed against Latin American countries. Likewise, it is ...