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Part IV Selected Issues for Further Study, D Investment Arbitration, 3 Legal Issues in the Third World’S Economic Development

From: Arbitration of International Business Disputes: Studies in Law and Practice (2nd Edition)

William W. Park

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 25 May 2024

In 1974 a heterogeneous group of countries, commonly referred to as the developing nations, incorporated their proposals for a “New International Economic Order”1 into a United Nations General Assembly Resolution entitled The Charter of Economic Rights and Duties of States (the Charter).2 The developing nations hoped to give legal form3 to the economic aspirations that they had articulated during the previous decade through the United Nations Conference on Trade and Development (UNCTAD).4 Many of these aspirations related to a redistribution of global resources...
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