QUESTIONING LEGAL IMPLICATIONS OF INTERNATIONAL INVESTMENT AG-REEMENTS IN DEVELOPMENT PERSPECTIVE

Much debate is ongoing regarding International Investment Agreement (IIA) Regime. One of the issues is its effect on economic development strategies of developing countries. This paper aims to examine International Investment Agreements by questioning its legal implications in development perspective. By using a qualitative research design, it addresses each provision that is considered to have an impact on the issues of development and presents the development problems faced in the application of IIAs. Findings suggest that decades of experience shows unexpected results in application of certain clauses and legal implications of IIAs is insufficient in producing benefits for economic development in developing countries. For the future, nevertheless, there is still a room for improvement through renegotiation of the treaties