The global economy depends on a range of institutions to resolve disputes between states, between states and investors, and between private traders. Many of these institutions use private arbitration to manage disputes, giving private lawyers substantial influence on who wins and who loses in global commerce.
Two new books explain the political origins and consequences of the investment and commercial arbitration regimes, respectively. Dr Lauge Poulsen and Dr Thomas Hale will discuss their findings in the context of the evolving dispute resolution regimes. As new “mega-regional” trade agreements aim to reshape the landscape of global economic institutions, how do we expect commercial and investment arbitration to evolve? What role do emerging powers play in the regimes? What institutional developments can promote a more fair and efficient set of institutions in the future?