Abstract
In subject matter, my remarks relate to Professor Rodley’s presentation but in method I find myself closer to Professor Franck’s. I am concerned with the role of law in creating a system through which foreign investment can play a useful role in economic development in Latin America and elsewhere. The controversy between Peru and IPC is thus of concern to me largely because of its potential impact on the relationships needed to make such a system work.
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References
A. O. Hirschman, How to Divest in Latin America — And Why (1970).
Abramovitz, Koven & Valdez, The Peruvian General Law of Industries, 12 Harv. Int’lL. J. 312 (1971).
This analysis and the diagram are based upon Stobaugh, How to Analyze Foreign Investment Climates, 47 Harv. Bus. Rev., Sept.-Oct. 1969, p. 100.
M. Winkler, Foreign Bonds: An Autopsy Chs. IV, V (1933).
For the text of these resolutions and some of the background see H. Steiner & D. Vagts, Transnational Legal Problems 344–349 (1968).
Nottebohm, Second Phase, [1955] I. C. J. 4; Interhandel, [1959] I.C.J. 6.
See Rodley, Some Aspects of the World Bank Convention on the Settlement of Investment Disputes, 1966 Can. Y.B. Int’l L. 43; P. Szasz, The Investment Disputes Convention and Latin America, 11 Va. J. Int’l L. 256 (1971).
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© 1974 Martinus Nijhoff, The Hague, Netherlands
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Vagts, D.F. (1974). Commentary. In: Rodley, N.S., Ronning, C.N. (eds) International Law in the Western Hemisphere. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-9214-9_9
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