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Transnational Capital and the Transformation of the State: Investor-State Dispute Settlement (ISDS) in the Transatlantic Trade and Investment Partnership (TTIP)
- Source :
- Critical Sociology. 45:137-157
- Publication Year :
- 2016
- Publisher :
- SAGE Publications, 2016.
-
Abstract
- The fate of the Transatlantic Trade and Investment Partnership (TTIP), currently under negotiation, has been called into question. At issue is the inclusion of the investor-state dispute settlement (ISDS) mechanism that has been included in the NAFTA, CAFTA, and many bilateral agreements. Authorizing corporations and investors to bring disputes directly against governments for adopting regulations negatively impacting market share or future profitability, this mechanism has generated significant opposition, particularly in Europe. This paper probes the factors driving the struggle over this political project. Revealing the mechanisms operating to secure the inclusion of ISDS in the TTIP, these findings contribute to the interdisciplinary debates that have emerged around the rise of a transnational capital class and the transformation of the state. These developments have significant normative implications, the analysis of which contributes to a critical tradition that seeks to uncover processes that have been naturalized and reveal strategies for political contestation.
- Subjects :
- Transatlantic Trade and Investment Partnership
Sociology and Political Science
business.industry
media_common.quotation_subject
05 social sciences
0507 social and economic geography
Opposition (politics)
International trade
Investor-state dispute settlement
0506 political science
Negotiation
Globalization
Capital (economics)
050602 political science & public administration
Economics
Profitability index
Market share
business
050703 geography
media_common
Subjects
Details
- ISSN :
- 15691632 and 08969205
- Volume :
- 45
- Database :
- OpenAIRE
- Journal :
- Critical Sociology
- Accession number :
- edsair.doi...........06d57fcd725f832a09f7b9344e51ef37