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EXPLAINING THE POPULARITY OF BITS - Contents

• I. INTRODUCTION
• II. BACKGROUND
• III. THE HULL RULE
• IV. THE PARADOXICAL BEHAVIOR OF DEVELOPING STATES
  • A. The Sovereignty Approach
  • B. The Bilateral Treaty Approach
    • 1. Description & History of BITs
    • 2. The Contents of a BIT
• V. THE DYNAMIC INCONSISTENCY PROBLEM
  • A. The Basic Problem
  • B. Dynamic Inconsistency Applied to Foreign Investment
• VI. EXPLAINING THE PARADOXICAL BEHAVIOR OF LDCS
  • A. Have Developing Countries Changed Their Position?
  • B. Other possibilities
  • C. A Strategic Analysis of LDC Behavior
    • 1. Efficiency considerations
      • a) BITs
      • b) The Charter of Economic Rights and Duties
    • 2. Distributional Considerations
      • a) The BIT Regime
      • b) The Regime of the Charter of Economic Rights and Duties
    • 3. Understanding the Results of the Analysis
  • D. Understanding the Results of the Analysis
• VII. IMPLICATIONS FOR WELFARE MAXIMIZATION AND INTERNATIONAL LAW
  • A. The Welfare Implications of BITs
  • B. The Impact of BITs on Customary International Law
• VIII. CONCLUSION

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