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Interests: economics, migration, trade, labour economics, tax
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Great post! However, my understanding is that the issue with ISDS is ultimately not one of gains/losses from trade but about circumventing the role of the courts, in favour of private arbitration. Also of concern, is the blatant abuse of ISDS provision and treaty shopping as evidenced by Phillip Morris Pty Ltd. and the Australian Government when the latter introduced plain packaging laws. The link contains a speech by Chief Justice French about why we should be concerned about ISDS, and this is largely about the secrecy under which the arbitral tribunals operate.
Toggle Commented Jun 19, 2015 on The War of Trade Models at Dani Rodrik's weblog
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Jun 18, 2015