Extract from “On ISDS: Statement of Mr. Alfred-Maurice de Zayas, Independent Expert on the promotion of a democratic and equitable international order at the Human Rights Council 30th Session”

Globalization cannot be allowed to become the grand global casino where investors rig the system to guarantee that they always win. A democratic and equitable international order is not possible if this “Hotel Brave New World” is allowed to ensnare States, letting them check in but never leave. Since the siren call of foreign direct investment has proven deceptive, Governments must move away from easy mythologies and demand empirical evidence of job creation through foreign direct investment and reject a “race to the bottom” in human rights terms.

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