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The current boom of investment arbitration under NAFTA as well as ICSID and other arbitral regimes has demonstrated that the enforcement of treaty obligations has become a standard feature of international law in this particular field of international economic law. The increased probability of actual enforcement of international standards of investment protection is generally welcomed in a system, such as the international legal order, which normally suffers from rather weak enforcement structures. At the same time, the proliferation of investment dispute settlement mechanisms bears its own risks. The concurrent availability of different investment dispute settlement mechanisms may lead to parallel proceedings or to the re-litigation of already decided cases. The CME/Lauder v. Czech Republic arbitrations where the same dispute was arbitrated under two different bilateral investment agreements and the CMS v. Argentina and the LG&E v. Argentina cases where similar issues were addressed demonstrate the inherent danger of a multiplication of procedures if the answers found by different tribunals are contradictory. The proliferation of investment disputes has broader structural implications which need to be addressed in order to secure the viability of this system of international arbitration.

August Reinisch is professor of public international law and European law at the University of Vienna. From 2004 to 2006 he served as Dean for International Relations of the Law School of the University of Vienna. He is also a professional lecturer at the Bologna Center/SAIS of Johns Hopkins University. He currently serves as arbitrator on the In Rem Restitution Panel according to the Austrian General Settlement Fund Law 2001 and as president of an UNCITRAL investment arbitration.

He holds Master's degrees in philosophy (1990) and in law (1988) as well as a doctorate in law (1991) from the University of Vienna and an LL.M. (1989) from NYU Law School. He is admitted to the Bar of New York and Connecticut (since 1990).

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August Reinisch Speaker University of Vienna School of Law, Section Program on International Investment Law in International Arbitral Practice
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CISAC awarded honors certificates in international security studies to 14 undergraduates who completed theses on policy issues ranging from speeding up the detection of a bioterror attack to improving the World Bank's effectiveness at post-conflict resolution.

Among the 2006-2007 participants in CISAC's Interschool Honors Program in International Security Studies were award winners Brian Burton, who received a Firestone Medal for his thesis, "Counterinsurgency Principles and U.S. Military Effectiveness in Iraq," and Sherri Hansen, who received the William J. Perry Award for her thesis, "Explaining the Use of Child Soldiers." The Firestone Medal recognizes the top 10 percent of undergraduate theses at Stanford each year, and the Perry recognizes excellence in policy-relevant research in international security studies.

CISAC honors students "can make the world a more peaceful place in several ways," FSI senior fellow Stephen Stedman told students and guests at the honors ceremony. "They can graduate and find jobs of power and influence [and] they can identify real world problems and solve them."

This year's class, which included several double-majors, represented nine major fields of study: biology, history, human biology, international relations, mathematics, management science and engineering, physics, political science, Russia-Eurasian studies. Some students headed to business or policy positions, while others looked forward to advanced studies in law, medicine, biophysics, security studies, or other fields.

"I hope that this is the beginning, not the end, of your contributions to policy-relevant research," CISAC senior research scholar Paul Stockton, who co-directed the program with Stedman, told the students. He added, "In every potential career you have expressed a desire to pursue, from medicine to the financial sector and beyond, we need your perspectives and research contributions, to deal with emerging threats to global security."

Many students expressed interest in realizing that hope. Burton said his aspiration is to attain "a high-level cabinet or National Security Council position to cap a long career of public service in foreign policy."

Katherine Schlosser, a biology major who is headed to Case Western Reserve University for joint MD-master's in public health program, said she hopes to "keep conducting innovative research and to eventually rejoin the international security studies community in some capacity."

The 2007 honors recipients, their majors, thesis titles, advisers, and destinations, if known, are as follows:

Brian Burton, political science
"Counterinsurgency Principles and U.S. Military Effectiveness in Iraq"
Firestone Medal Winner

Adviser: David Holloway
Destination: Georgetown University, to pursue a master's degree in security studies

Martine Cicconi, political science
"Weighing the Costs of Aggression and Restraint: Explaining Variations in India's Response to Terrorism"
Adviser: Scott Sagan
Destination: Stanford University Law School

Will Frankenstein, mathematics
"Chinese Energy Security and International Security: A Case Study Analysis"
Adviser: Michael May
Destination: The Institute for Defense Analyses in Alexandria, Va., for a summer internship

Kunal Gullapalli, management science & engineering
"Understanding Water Rationality: A Game-Theoretic Analysis of Cooperation and Conflict Over Scarce Water"
Adviser: Peter Kitanidis
Destination: Investment Banking Division at Morgan Stanley in Los Angeles

Sherri Hansen, political science
"Explaining the Use of Child Soldiers"
William J. Perry Award Winner

Adviser: Jeremy Weinstein
Destination: Oxford University in England, to pursue master's degree in development studies

Andy Leifer, physics and political science
"International Scientific Engagement for Mitigating Emerging Nuclear Security Threats"
Adviser: Michael May
Destination: Harvard University, to pursue a PhD in biophysics

James Madsen, political science
"Filling the Gap: The Rise of Military Contractors in the Modern Military"
Adviser: Coit Blacker
Destination: World travel; then San Francisco to open a bar

Nico Martinez, political science
"Protracted Civil War and Failed Peace Negotiations in Colombia"
Adviser: Stephen Stedman
Destination: Washington, DC, to serve as a staff member for Senator Harry Reid

Seepan V. Parseghian, political science and Russian/Eurasian studies
"The Survival of Unrecognized States in the Hobbesian Jungle"
Advisor: James Fearon

Dave Ryan, international relations
"Security Guarantees in Non-Proliferation Negotiations"
Adviser: Scott Sagan
Destination: Stanford University, to serve as executive director of FACE AIDS

Katherine Schlosser, biology
"Gene Expression Profiling: A New Warning System for Bioterrorism"
Adviser: Dean Wilkening
Destination: Case Western Reserve University in Cleveland, to pursue a joint medical degree and master's in public health

Nigar Shaikh, human biology and political science
"No Longer Just the 'Spoils of War': Rape as an Instrument of Military Policy"
Adviser: Mariano-Florentino Cuellar

Christine Su, history and political science
"British Counterterrorism Legislation Since 2000: Parlimentary and Government Evaluations of Enhanced Security"
Adviser: Allen Weiner
Destination: Stanford University, to finish her undergraduate degree; Su completed the honors program as a junior.

Lauren Young, international relations
"Peacebuilding without Politics: The World Bank and Post Conflict Reconstruction"
Adviser: Stephen Stedman
Destination: Stanford University, to finish her undergraduate degree; Young completed the honors program as a junior.

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Throughout history, nations have waged war against epidemics from bubonic plague to pulmonary tuberculosis. Today we confront HIV/AIDS, SARS, and avian influenza, among other major infectious diseases. Scientists around the world scrutinize viruses and bacteria more intently than ever. Yet while scientific advances are crucial, they are insufficient. The world is not well prepared for the next health crisis.

This timely book argues that the battle against infectious disease epidemics must be fought on two fronts. The first, of course, is the laboratory. The second is the wider social context that involves ordinary individuals and groups, legislators, and the state. The failure to contain HIV/AIDS and the emergence of new infectious diseases highlight the inadequacies of current preventive and management approaches to deal with epidemics.

The authors of Crisis Preparedness offer perspectives from social science, epidemiology, and public health, collectively seeking to answer the question: How can we prepare for the next global epidemic?

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WASHINGTON, May 24 (IPS) - This year the Association of Southeast Asian Nations celebrates its 40th birthday, and it has big plans. After four decades of being largely a political and security alliance, ASEAN is accelerating its plans for economic integration.

ASEAN leaders are so eager to pull together into an economic community that they recently decided to move the goalposts. The economic benchmarks originally planned for 2020 have been moved up to 2015.

"The mission of this economic community is to develop a single market that is competitive, equitably developed, and well integrated in the global economy," says Worapot Manupipatpong, principal economist and director of the office of the Secretary-General in the ASEAN Secretariat. He was speaking last week at an Asian Voices seminar in Washington, DC, sponsored by the Sasakawa Peace Foundation.

The single market of 2015 would encompass all ten members of ASEAN: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar (Burma), Philippines, Singapore, Thailand, and Vietnam. According to the projections of the ASEAN Secretariat, the single market will be accomplished by removing all barriers to the free flow of goods, services, capital, and skilled labor. Rules and regulations will be simplified and harmonised. Member countries will benefit from improved economies of scale. Common investment projects, such as a highway network and the Singapore--Kunming rail link, will facilitate greater trade.

Although there will not be a single currency like the European Union's euro, the ASEAN countries will nevertheless aim for greater currency cooperation.

"ASEAN's process of economic integration was market-driven," says Soedradjad Djiwandono former governor of Bank Indonesia, and it was influenced by the "Washington consensus" favoring increased liberalisation. "It is a very different framework from the closed regionalism of the Latin American model," he continues. With multilateral talks on trade liberalisation stalled, efforts have largely shifted to bilateral negotiations. "There has been a proliferation of bilateral agreements that developed countries use as a way to push a program for liberalising different sectors," Djiwandono concludes.

So far, ASEAN points to increased trade within the ten-member community as an early sign of success. But, overall trade share -- 25 percent -- pales in comparison to the 46 percent share of the North American Free Trade Agreement countries or the 68 percent share of EU countries. And with intra-ASEAN foreign direct investment rather low -- only 6 percent in 2005 -- financial integration lags behind trade integration.

The ASEAN approach differs in several key respects from the EU model, which originated in a 1951 coal and steel agreement among six European nations. ASEAN's origins, in contrast, have been primarily political and security-oriented, observes Donald Emmerson, director of the South-east Asia Forum at the Shorenstein Asia-Pacific Research Center at Stanford. "The success attributed to ASEAN is that it presided over an inter-state peace ever since it was formed. There's never been a war fought between ASEAN members."

Also distinguishing ASEAN from EU is the latter's institutionalisation. "ASEAN is radically different," Emmerson continues. "The much discussed ASEAN way is consultation, not even voting, since if they vote, someone will lose. Sometimes the consultation goes on without result. Sometimes decisions are reduced to the lowest common denominator. It also means that rhetoric predominates." This consultative process will be tested in November, when ASEAN leaders gather to adopt a charter, something that the EU has so far failed to accomplish.

Another difference with Europe is the enormous economic disparities among the ASEAN members, with Singapore and Brunei among the richest countries in the world and Laos among the poorest. These economic disparities are reproduced within the countries as well.

Worapot Manupipatpong points to two ASEAN initiatives for closing the gap. There is help for small and medium-sized enterprises. And the Initiative for ASEAN Integration,"basically provides technical assistance to Cambodia, Laos, and Myanmar so that they can catch up with the rest of the ASEAN members," he says. "Attention will be paid to where these countries can participate in the regional networks, what comparative advantage they have, and how to enhance their capacities to participate in the regional development and supply chain."

Then there are ASEAN's efforts to address "public bads," according to Soedradjad Djiwandono. "When there is a tsunami or a pandemic," he argues, "the worst victims are the marginalised or the poor. Addressing that kind of issue has some positive impact on reducing inequality."

"The gap between the early joiners and the later joiners will continue to be substantial because ASEAN has always been more of a forum and less of a problem-solving organisation," observes Karl Jackson, director of the Asian Studies Program at the School for Advanced International Studies at Johns Hopkins University. "As a result one would expect that these gaps would be closed only as individual countries increase their rates of growth." He attributes the inequality within countries to the middle stage of growth experienced by almost all societies: "Inequality increases before the state becomes strong enough to redivide some of the pie and take care of the gross inequalities caused by rapid economic growth."

ASEAN is banking on financial and trade liberalisation increasing the overall regional pie. On paper it is an ambitious project. But "the low hanging fruit have been plucked," says Donald Emmerson. Tariffs on the "easy commodities" have already been reduced to less than 5 percent. But non-tariff barriers to trade remain, and member countries are very protective of certain sectors.

Also tempering the region's optimism is the memory of the Asian financial crisis. The crisis began in Thailand in 1997 and spread rapidly to other countries in the region. One school of thinking holds that capital mobility -- "hot money" -- either caused or considerably aggravated the crisis. Since the ASEAN integration promises greater capital mobility, will the region be at greater risk of another such crisis?

"One consequence of the economic dynamism of the Asia-Pacific region," notes Donald Emmerson, "is that the accumulation of vast foreign exchange reserves -- obviously in China, but in other countries too -- more than anything else represents an asset that can be brought into the equation as a stabilising factor in the event of a financial crisis." Also, he continues, as a result of the ASEAN plus Three network, which adds China, South Korea, and Japan to the mix, the 13 countries have "made serious headway toward establishing currency swap arrangements that would come into play in an emergency on the scale of an Asian financial crisis."

Karl Jackson also looks to currency reforms as a hedge against future crisis. The Thai baht and the Indonesian rupiah are now unpegged currencies. "You will not have a situation in which the central bank of Thailand loses 34 billion US dollars defending the baht," Jackson argues. "Instead, the baht will appreciate or depreciate according to market forces."

But Jackson still remains cautious about the future. He points to the large number of non-performing loans in the Chinese banking sector. Also, there is "this anomaly of the U.S. absorbing two-thirds of the savings coming out of Asia, plugging it mostly into consumption rather than direct investment," he observes. "Eventually there has to be some kind of readjustment. The real value of the dollar must fall." (END/2007)

Reprinted by permission from IPS Asia-Pacific.

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The Stanford Center on International Conflict and Negotiation is an interdisciplinary center for the study of international and intergroup conflict and negotiation. Our primary foci are:

  • The identification and analysis of the barriers - strategic, psychological, legal, and structural - to management or resolution of conflict.
  • The development of strategies to overcome these barriers.
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    The CISAC Fellows Forum showcases some of the vitally important work that has been accomplished at CISAC this year. Moderated by Scott Sagan, CISAC co-director, three scholars represent the promising work of CISAC fellows:

    David Patel

    Postdoctoral Fellow

    "Islam, Identity, and Electoral Outcomes in Iraq"

    Why has a cohesive national Shiite political identity emerged in Iraq while Sunni Arabs remain fractured? What does the United States need to understand about how differences between Shiite and Sunni clerical networks influence electoral successes?

    David Patel's work focuses on questions of religious organizations and collective action in the Middle East. In fall 2007, he will join the faculty at Cornell University as an assistant professor of political science.

    Jacob Shapiro

    "Mis-overestimating Terrorism: The Problems Terrorists Face and How to Make Them Worse"

    Terrorist organizations face substantial internal challenges which make them vulnerable to government action. Careful counter terrorism strategies can exploit these organizational pathologies.

    Jacob Shapiro is a graduate student in political science at Stanford University and a CISAC predoctoral fellow. His research focuses on the economic forces that motivate terrorist organizations and the organizational challenges that these groups face.

    Rebecca Slayton

    "Technology Limited: How Scientists Do and Don't Influence U.S. Defense Policy"

    In the United States, high technology is a favorite solution to national security problems. But how do we know when complex technology has reached its limits? The rancorous debate over missile defense shows how experts use science to authoritatively frame options and thus influence the making of defense policy.

    Rebecca Slayton is a lecturer in the Science, Technology and Society Program at Stanford University and a CISAC affiliate. In 2004-2005 she was a CISAC science fellow. Slayton's research examines the relationships between technocrats, academia, and the media.

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    The Caroline S.G. Munro Professor of Political Science
    The Bass University Fellow in Undergraduate Education  
    Senior Fellow, Freeman Spogli Institute for International Studies
    rsd25_073_1160a_1.jpg PhD

    Scott D. Sagan is Co-Director and Senior Fellow at the Center for International Security and Cooperation, the Caroline S.G. Munro Professor of Political Science, and the Bass University Fellow in Undergraduate Education at Stanford University. He also serves as Co-Chair of the American Academy of Arts and Sciences’ Committee on International Security Studies. Before joining the Stanford faculty, Sagan was a lecturer in the Department of Government at Harvard University and served as special assistant to the director of the Organization of the Joint Chiefs of Staff in the Pentagon.

    Sagan is the author of Moving Targets: Nuclear Strategy and National Security (Princeton University Press, 1989); The Limits of Safety: Organizations, Accidents, and Nuclear Weapons (Princeton University Press, 1993); and, with co-author Kenneth N. Waltz, The Spread of Nuclear Weapons: An Enduring Debate (W.W. Norton, 2012). He is the co-editor of Insider Threats (Cornell University Press, 2017) with Matthew Bunn; and co-editor of The Fragile Balance of Terror (Cornell University Press, 2022) with Vipin Narang. Sagan was also the guest editor of a two-volume special issue of DaedalusEthics, Technology, and War (Fall 2016) and The Changing Rules of War (Winter 2017).

    Recent publications include “Creeds and Contestation: How US Nuclear and Legal Doctrine Influence Each Other,” with Janina Dill, in a special issue of Security Studies (December 2025); “Kettles of Hawks: Public Opinion on the Nuclear Taboo and Noncombatant Immunity in the United States, United Kingdom, France, and Israel”, with Janina Dill and Benjamin A. Valentino in Security Studies (February 2022); “The Rule of Law and the Role of Strategy in U.S. Nuclear Doctrine” with Allen S. Weiner in International Security (Spring 2021); “Does the Noncombatant Immunity Norm Have Stopping Power?” with Benjamin A. Valentino in International Security (Fall 2020); and “Just War and Unjust Soldiers: American Public Opinion on the Moral Equality of Combatants” and “On Reciprocity, Revenge, and Replication: A Rejoinder to Walzer, McMahan, and Keohane” with Benjamin A. Valentino in Ethics & International Affairs (Winter 2019).

    In 2022, Sagan was awarded Thérèse Delpech Memorial Award from the Carnegie Endowment for International Peace at their International Nuclear Policy Conference. In 2017, he received the International Studies Association’s Susan Strange Award which recognizes the scholar whose “singular intellect, assertiveness, and insight most challenge conventional wisdom and intellectual and organizational complacency" in the international studies community. Sagan was also the recipient of the National Academy of Sciences William and Katherine Estes Award in 2015, for his work addressing the risks of nuclear weapons and the causes of nuclear proliferation. The award, which is granted triennially, recognizes “research in any field of cognitive or behavioral science that advances understanding of issues relating to the risk of nuclear war.” In 2013, Sagan received the International Studies Association's International Security Studies Section Distinguished Scholar Award. He has also won four teaching awards: Stanford’s 1998-99 Dean’s Award for Distinguished Teaching; Stanford's 1996 Hoagland Prize for Undergraduate Teaching; the International Studies Association’s 2008 Innovative Teaching Award; and the Monterey Institute for International Studies’ Nonproliferation Education Award in 2009.     

    Co-director of the Center for International Security and Cooperation
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    David S. Patel Postdoctoral Fellow Speaker
    Jacob N. Shapiro Predoctoral Fellow Speaker
    Rebecca Slayton Lecturer, Science, Technology, and Society Program; CISAC Affiliate; former Science Fellow Speaker
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    From a humanitarian perspective, few international policy proposals appear more compelling than debt relief for the world's poor. The poorest countries have seen their external debts spiral to the point where interest payments are crowding out desperately needed investments in roads, schools, sanitation, health care, and other social services. The majority of their people live below the poverty line, struggling to survive on a dollar or two a day. Average life expectancy is well below 60 years and declining in many countries because of AIDS. Lacking access to safe drinking water, preventive medicine, and basic education, as well as to markets, credit, and justice, people live needlessly short and degrading lives.

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