Rise of Emerging Countries and Its Implications on International Trade and Investment Law
The international trade and investment law regime is undergoing a profound transformation, driven by globalization, technological advancement, and the growing influence of emerging economies such as China, India, Brazil, South Africa, and Indonesia. These nations are not only reshaping global trade patterns and investment flows but are also asserting themselves as key players in setting the legal and normative frameworks that govern international economic relations.
This panel discussion explores the implications of this shift, focusing on how emerging economies are leveraging international economic law to address contemporary challenges such as global supply chain disruptions, sustainable development, financial inclusivity, and dispute resolution. It examines the evolving role of these countries in multilateral and bilateral negotiations, their efforts in capacity building, and their transition from norm takers to norm setters.
The discussion also highlights the impact of this transition on the WTO dispute settlement system, the redefinition of investment protection standards, and the future of Investor-State Dispute Settlement (ISDS) mechanisms. As the global economy becomes increasingly multipolar, the balance between investor protection and state regulatory autonomy is being recalibrated, paving the way for more inclusive, equitable, and sustainable legal frameworks.
This panel offers a timely opportunity to analyze these developments and their significance for the future of international trade and investment law.