TY  - BOOK
AU  -  Martinez-Fraga, Pedro J
AU  - Reetz,C.Ryan 
TI  - Public purpose in international law: rethinking regulatory sovereignty in the global era
SN  - 9781139976626
PY  - 2015///
CY  - Cambridge
PB  - Cambridge University Press
KW  - Public International Law
KW  - Law
KW  - Jurisprudence
N1  - This text explores how the public purpose doctrine reconciles the often conflicting, but equally binding, obligations that states have to engage in regulatory sovereignty while honoring host-state obligations to protect foreign investment. The work examines the multiple permutations and iterations of the public purpose doctrine and concludes that this principle needs to be reconceptualized to meet the imperatives of economic globalization and of a new paradigm of sovereignty that is based on the interdependence, and not independence, of states. It contends that the historical expression of the public purpose doctrine in customary and conventional international law is fraught with fundamental flaws that, if not corrected, will give rise to disparities in the relationship between investors and states, asymmetries with respect to industrialized nations and developing states, and, ultimately, process legitimacy concerns
UR  - 
https://doi.org/10.1017/CBO9781139976626
ER  -