Changes in the international legal status of the state in light of investment contracts and the effects of globalization on them

Hachemi Amar; Mme Iglouli Ouled Rabah Safia

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Published: Oct 16, 2024

Keywords:

Sovereignty, investment contracts, globalization, international arbitration, legal framework

Hachemi Amar

Mme Iglouli Ouled Rabah Safia

Abstract

The investment regime and globalization are responsible for much of the evolution in the international legal status of states.
Investment contracts, typically concluded between host-states and multinational corporations, now erode traditional conceptions
of state sovereignty by embedding states within international arbitration institutions. Globalization amplifies this, creating an
intricate tapestry of international legal commitments, which each state must manage to balance national interests with
international standards. When global trade agreements and international financial institutions are added, they further shape state
policies, sometimes restricting state autonomy. As a result, states are pressured to adjust their legal regimes to suit external
investor interests while preserving sovereignty and societal welfare.
This Article will examine how investment contracts and globalization have changed the status of states in international law,
moving away from the traditional concept of self-determination through a network of legal relations.

Issue

Vol. 61 No. 10 (2024)

Section

Articles

This work is licensed under a Creative Commons Attribution 4.0 International License.

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