Bilateral Investment Treaties at the Expense of Democracy
Research Assistant Tori Loven Kirkebø published an op-ed in the Norwegian newspaper Bergens Tidende. She argues that the Norwegian government should abandon its plans to conclude bilateral investment treaties. Read the entire article (in Norwegian).
According to Kirkebø, bilateral investment treaties (BITs) limits states' power to regulate. There is no proof that BITs contribute to economic growth in developing countries; rather, they often favour foreign investers over domestic companies. Therefore, BITs would be at odds with Norwegian development policy.