Globalisation - Critiques (Loss of Sovereignty) Flashcards
1
Q
why do MNCs have a lot of power over governments
A
can choose to relocate if they don’t like the government’s decisions
they can influence the regulations
1
Q
what does supra national mean
A
above the state
2
Q
examples of independent supra national dispute resolution bodies
A
EU court of justice
WTO arbitration
Investor state dispute settlement (ISDS)
3
Q
what are the reasons for increases in ISDS cases in the last few years
A
increased regulation around sustainability, green issues
4
Q
what is independent arbitration
A
third party hears details of disagreement from other parties involved and gives final decision on the isses
