The Legal and Economic Implications of World Trade Organisation Ascension By the Gulf Arab States
Article from: TDM 3 (2011), in Intersections: Dissemblance or Convergence between International Trade and Investment Law
Abstract
The nexus of legal and economic modernisation is demonstrated through the nexus of Investment and Commercial Arbitration Laws with economic growth. The author maintains that legislation that encourages investment and trade plays an active role in enhancing regional and global economic development. As a result of accession to the WTO, the Gulf Arab States have begun the process of modernising their International Investment and International Arbitration Laws to meet the requirements of the WTO and that this development has not come about as a result of any legal obligation imposed by the ...