Bounded Rationality and Economic Diplomacy

Language: English

Published by Cambridge University Press, 2017

110755201X / 9781107552012

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Druck auf Anfrage Neuware - Printed after ordering - Modern investment treaties give private arbitrators power to determine whether governments should pay compensation to foreign investors for a wide range of sovereign acts. In recent years, particularly developing countries have incurred significant liabilities from investment treaty arbitration, which begs the question why they signed the treaties in the first place. Through a comprehensive and timely analysis, this book shows that governments in developing countries typically overestimated the economic benefits of investment treaties and practically ignored their risks. Rooted in insights on bounded rationality from behavioural psychology and economics, the analysis highlights how policy-makers often relied on inferential shortcuts when assessing the implications of the treaties, which resulted in systematic deviations from fully rational behaviour. This not only sheds new light on one of the most controversial legal regimes underwriting economic globalization but also provides a novel theoretical account of the often irrational, yet predictable, nature of economic diplomacy.…

Seller Inventory # 9781107552012

Title
Bounded Rationality and Economic Diplomacy
Author
Lauge N. Skovgaard Poulsen
Publisher
Cambridge University Press
Publication year
2017
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
110755201X
ISBN 13
9781107552012
Item weight
388 grams
Dimensions
229x152x14 mm

AHA-BUCH GmbH

Einbeck, Germany

5-star seller

AbeBooks seller since August 14, 2006

Shipping rates from Germany to U.S.A.

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