How fair is the investment arbitration system in Latin American and Caribbean (LAC) countries? Are investor-state disputes balanced between national and corporate interests? LAC countries are among the most affected by the investment arbitration system, representing 28.6% of all known investor-state disputes around the world. In particular, Argentina, Venezuela, Mexico, Ecuador, Bolivia and Peru account for 77.3% of the total number of claims against LAC countries. Analysis shows that the system so far heavily favours corporate interests. Investors have won in 70% of the cases brought against LAC countries. As a result, LAC States have already had to pay foreign companies 20.6 billion USD, which could cover Bolivia’s budget for health and education for four whole years.
A push by 39 WTO members, including China, Russia, the EU, Argentina, Brazil and Mexico to reintroduce formal discussions on investment facilitation at the 11th World Trade Organization (WTO) Ministerial conference has failed.
We have to talk to, learn from and support the indigenous movements which have inserted ecosocialist and degrowth like concepts into the formal constitutions, as in the states of Bolivia and Ecuadorian.
Water justice activists gathered in Cochabamba, Bolivia in August 2008
to envision just and sustainable models of water stewardship and to
build alliances that will bring these visions to fruition. A compelling
visual insight into a dynamic international movement building practical
alternatives to privatization.