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International natural resources law and sustainable investment: Principles and practices

Alam, Shawkat; Jahid, Bhuyian; Razzaque, Jona


Shawkat Alam

Bhuyian Jahid


S Alam

JH Bhuyian


The authors argue that sustainable development and growth can be achieved by governments, but only through careful management of natural resources. The authors also argue
that foreign investment is, perhaps paradoxically, increasingly perceived as a pre-condition for sustainable development. Such a view is not without its controversy, given that investment laws have tended to favour foreign investors at the expense of local community interests. However, if the positive effects of foreign investment on communities and the environment are optimized, while the negative effects are simultaneously mitigated, Sustainable Development Goals are brought closer. Indeed, as long as the
activities of foreign investors are oriented in the direction of the maximisation of profit instead of the promotion of sustainable development, social and environmental wellbeing in developing countries is compromised. The authors therefore argue that if the focus of investment in natural resources is shifted to include growing recognition of the environmental and social aspects of sustainability together with the typical preoccupation with economic development and growth, international investment law may continue to evolve so as to encompass the objectives of sustainability.


Alam, S., Jahid, B., & Razzaque, J. (2017). International natural resources law and sustainable investment: Principles and practices. In J. Razzaque, J. Bhuyian, & S. Alam (Eds.), International Natural Resources Law, Investment and Sustainability, 15-44. Routledge

Publication Date Jan 1, 2017
Peer Reviewed Peer Reviewed
Pages 15-44
Book Title International Natural Resources Law, Investment and Sustainability
ISBN 9781138848702
Keywords sustainability, natural resources, investment, sustainable development.
Publisher URL