?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Fd-scholarship-dev.library.pitt.edu%2F33385%2F&rft.title=A+MODEL+BIT+FOR+DEVELOPMENT%0D%0AThe+Example+of+Jordan&rft.creator=Ababneh%2C+Hisham&rft.description=Developing+countries+are+increasingly+realizing+the+need+to+attract+foreign+direct+investment+to+achieve+economic+and+social+welfare.+Although+the+advantages+of+FDI+are+numerous+and+well+documented%2C+economic+development+through+FDI+has+failed+in+most+developing+countries.+Studies+show+that+bilateral+investment+treaties+(BITs)+have+not+played+a+significant+role+in+promoting+and+encouraging+economic+development+for+host+states.+By+contrast%2C+studies+show+that+BITs+have+over-protected+foreign+investors+and+investments%2C+at+the+expense+of+host+country+development.+This+is+a+result+of+the+historical+background+and+circumstances+surrounding+the+formation+of+BITs+in+the+1950%E2%80%99s.+Recently%2C+many+countries+and+international+organisations+have+expressed+the+need+to+effectuate+the+reciprocal+nature+of+investment+treaties%2C+whereby+BITs+serve+as+a+tool+for+economic+development%2C+in+addition+to+investment+protection.%0D%0AStates%2C+as+sovereigns%2C+have+the+duty+and+right+to+pursue+legitimate+development+goals+and+regulate+matters+of+public+concern+without+fear+of+liability+to+foreign+investors.+This+requires+a+balanced+approach+to+BITs%2C+in+which+economic+development+objectives+of+the+host+country%2C+and+foreign+investment+protection+are+both+addressed+and+equally+preserved.%0D%0AModel+BITs+are+becoming+an+even+more+important+tool+to+achieve+development+goals+from+FDI.+A+model+BIT+is+an+investment+treaty+designed+specifically+to+address+the+needs+and+goals+of+a+specific+country.+If+the+model+BIT+strikes+the+right+balance+between+economic+development+and+investment+protection%2C+then+development+through+FDI+should+be+possible.%0D%0AThis+thesis+takes+Jordan+as+an+example+of+a+developing+country+that+is+striving+to+attract+FDI%2C+and+does+not+have+a+model+treaty+specifically+designed+for+its+needs+and+objectives.+The+proposed+BIT+for+Jordan+shifts+the+focus+from+pure+investment+protection+to+balanced+protection+tied+with+economic+development.+Overly+protective+treatment+standards+and+their+innovative+interpretations+by+arbitral+tribunals%2C+are+analyzed%2C+and+guidelines+are+provided+to+help+avoid+past+problems+for+developing+countries.+This+doctrinal+and+comparative+study+draws+on+the+case+law+of+the+International+Centre+for+the+Settlement+of+Investment+Disputes+(ICSID)+and+existing+model+BITs+to+develop+an+up-to-date+BIT+for+Jordan+that+addresses+the+country%E2%80%99s+development+goals.&rft.date=2018-01-17&rft.type=University+of+Pittsburgh+ETD&rft.type=PeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.identifier=http%3A%2F%2Fd-scholarship-dev.library.pitt.edu%2F33385%2F1%2F12%252013%25202017%2520Final%2520Hisham%2520Ababneh%2520Dissertation_1.pdf&rft.identifier=++Ababneh%2C+Hisham++(2018)+A+MODEL+BIT+FOR+DEVELOPMENT+The+Example+of+Jordan.++Doctoral+Dissertation%2C+University+of+Pittsburgh.++++(Unpublished)++