Shadow Courts: The Tribunals that Rule Global Trade

Shadow Courts: The Tribunals that Rule Global Trade

by Haley Sweetland Edwards
Shadow Courts: The Tribunals that Rule Global Trade

Shadow Courts: The Tribunals that Rule Global Trade

by Haley Sweetland Edwards

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A detailed look at one little-known but powerful provision in most modern trade agreements.

International trade deals have become vastly complex documents, seeking to govern everything from labor rights to environmental protections. This evolution has drawn alarm from American voters, but their suspicions are often vague.

In this book, investigative journalist Haley Sweetland Edwards focuses on one crucial aspect of these massive agreements: a powerful provision called Investor-State Dispute Settlement, which allows foreign corporations to sue sovereign nations before little-known supranational arbitration tribunals.

Edwards makes a devastating case that these tribunals (the "shadow courts" of the book's title), which were designed 50 years ago to protect foreign investors' property rights abroad, are now being exploited by multinational corporations at the expense of sovereign nations and their citizens. From the 1960s to 2000, corporations brought fewer than 40 cases through these tribunals. In the last 15 years, they’ve brought nearly 650.

In the course of her reporting, Edwards interviewed dozens of policymakers, activists, and government officials in Argentina, Canada, Bolivia, Ecuador, the European Union, and the United States. The result is a major story, untold before now, about a significant shift in the global balance of power.

Product Details

ISBN-13: 9780997126402
Publisher: Columbia Global Reports
Publication date: 09/06/2016
Edition description: New Edition
Pages: 142
Product dimensions: 4.90(w) x 7.40(h) x 0.50(d)

About the Author

Haley Sweetland Edwards is a correspondent at Time. Previously, she was an editor at the Washington Monthly, where she wrote about policy and regulation. From 2009 to 2012, she lived and worked in the Middle East and the former Soviet Union, where she wrote for The Los Angeles Times, The Atlantic, and The New Republic, among other publications. She studied philosophy at Yale and journalism at Columbia University's Graduate School of Journalism. She lives in Washington, D.C.

Table of Contents

Acknowledgments 10

Introduction 12

Chapter 1 Buenos Aires 22

Chapter 2 A Very Short History of Investors' Rights 33

Chapter 3 The Battle of La Pedrera 46

Chapter 4 Panning for Gold 59

Chapter 5 Property Rights 72

Chapter 6 Boxing Ghosts 85

Chapter 7 A Bridge Too Far 97

Chapter 8 Not Your Grandmother's Globalization 109

Further Readings 122

Endnotes 126

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