Abstract:That economic integration constrains state sovereignty has been a longstanding concern and the subject of much study. We assess the validity of this concern in the context of two very particular components of contemporary economic globalization: global value chain (GVC) integration and Investor–State Dispute Settlement (ISDS). First, we document that host states have abandoned nearly 24 percent of regulations disputed by private investors in ISDS between 1987 and 2017. This behavior is puzzling because ISDS on… Show more
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