The development of international investment law in Africa
The development of international investment law in Africa
In the light of the growing debate about international investment and developing economies, this chapter begins by establishing that the term ‘investment’ in investment law is a product of the extremist conception of liberalism in economics. On this basis, the chapter examines whether there are justifications in support of the arguments that Africa has been unfairly treated in international investment terms since decolonisation. The chapter also inquires whether the new international economic order of the 1970s brought any investment successes to Africa. Finally, the chapter provides a few remarks on the position of Africa post-1990s and beyond.
Keywords: international investment law in Africa, New International Economic Order, globalisation, Africa colonial era, AfSIL Principles
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