| This study is concerned with the resolution of disputes in international investment, with particular reference to the arbitral machinery of the ICSID Convention of March 18, 1965. The main object of this exercise is to determine the extent to which the arbitral regime of the ICSID Convention has contributed to the smooth flow of international investment around the world, through the satisfactory handling of investment disputes between States on the one hand, and foreign private parties on the other hand.;The study also examines the changing realities of the international political economy. (Abstract shortened by UMI.).;However, upon an examination of the reality of investment disputes between States and foreign investors, as well as the degree of the ICSID's involvement in these disputes, this study adopts the view that although the ICSID arbitral machinery ultimately serves the interests of both parties better than the other available dispute resolution mechanisms, its framework for dispute settlement has been largely underutilized by both parties. |
