000			02799nam a22004218i 4500
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008			150227s2015 enk o ||1 0|eng|d
020			_a9781316401941 (ebook)
020			_z9781107119536 (hardback)
020			_z9781107552012 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP _dUkOxU
050	0	0	_aHG5993 _b.P68 2015
082	0	0	_a332.67/3091724 _223
100	1		_aPoulsen, Lauge N. Skovgaard, _eauthor. _964549
245	1	0	_aBounded Rationality and Economic Diplomacy : _bThe Politics of Investment Treaties in Developing Countries / _cLauge N. Skovgaard Poulsen.
246	3		_aBounded Rationality & Economic Diplomacy
264		1	_aCambridge : _bCambridge University Press, _c2015.
300			_a1 online resource (264 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aAccess provided by Cambridge University Press as part of Cambridge Core.
520			_aModern investment treaties give private arbitrators power to determine whether governments should pay compensation to foreign investors for a wide range of sovereign acts. In recent years, particularly developing countries 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 governments in developing countries typically overestimated the economic benefits of investment treaties and practically ignored their risks. Rooted in insights on bounded rationality from behavioural psychology and economics, the analysis highlights how policy-makers often relied on inferential shortcuts when assessing the implications of the treaties, which resulted in systematic deviations from fully rational behaviour. This not only sheds new light on one of the most controversial legal regimes underwriting economic globalization but also provides a novel theoretical account of the often irrational, yet predictable, nature of economic diplomacy.
588			_aTitle from publisher's bibliographic system (viewed on 06 Oct 2016).
650		0	_aInvestments, Foreign _zDeveloping countries. _964550
650		0	_aInternational economic relations. _964551
650		0	_aInvestments, Foreign (International law) _964552
650		0	_aInternational commercial arbitration. _964553
710	2		_aCambridge University Press, _epublisher. _964554
776	0	8	_iPrint version: _z9781107119536
830		0	_aCambridge core. _964555
856	4	0	_3 Cambridge University Press _uhttps://doi.org/10.1017/CBO9781316401941
942			_2ddc _cEBK
999			_c85183 _d85183