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2 Origins of the Convention

Antonio R. Parra

From: The History of ICSID (1st Edition)

Antonio R Parra

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From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved. date: 18 January 2021

Developing countries — Arbitration
The history of the ICSID Convention has many strands, some extending back a century or more. Important influences include, for example, the Conventions for the Pacific Settlement of International Disputes of 1899 and 1907.1 This chapter is, however, concerned with the immediate origins of the ICSID Convention. The focus is on the period 1955 to 1962. During those years, poorer developing countries were coalescing into what had just been baptized “the Third World.”2 The retreat of colonialism, condemned by the Bandung Conference of 1955 as “an evil which should...
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