When The Claim Hits: Bilateral Investment Treaties and Bounded Rational Learning
In: World politics: a quarterly journal of international relations, Band 65, Heft 2, S. 273-313
Abstract
Using the international investment regime as its point of departure, the article applies notions of bounded rationality to the study of economic diplomacy. Through a multimethod approach, it shows that developing countries often ignored the risks of bilateral investment treaties (bits) until they themselves became subject to an investment treaty claim. Thus the behavior of developing country governments with regard to the international investment regime is consistent with that routinely observed for individuals in experiments and field studies: they tend to ignore high-impact, low-probability risks if they cannot bring specific "vivid" instances to mind. Adapted from the source document.
Themen
Sprachen
Englisch
Verlag
Cambridge University Press, Cambridge UK
ISSN: 0043-8871
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